Eskom in deep financial trouble

[Drikus Greyling]

Eskom in deep financial trouble

Eskom’s interest expense far exceeds its operating profit, which shows that it can no longer service its debt.

 

[The_Librarian]

Yippi yaddi yey, more good news.

 

[Jam Sandwich]

Since 2011, Eskom’s debt has increased at a rapid pace. The power utility’s total liabilities and interest-bearing debt peaked in 2020 at R637 billion and R532 billion, respectively.

 

[Temujin]

Who would have thought a company not selling the only product it sells doesn't make money
Anyway, hire moar people, that'll fix it

 

[The_Librarian]

Tussen die duiwel en die diep, blou see.

 

[Jam Sandwich]

Who would have thought a company not selling the only product it sells doesn't make money
Anyway, hire moar people, that'll fix it

Hire more.
Charge more.
Deliver less..

The EksDom credo...

 

[Bewlen]

Name me a company that can survive when 66% overstaffed

 

[RunningFromFat]

Lets help them out and pay more!

 

[Vrotappel]

Top level BEE/AA/Transformation. Viva!

 

[Jam Sandwich]

Lets help them out and pay more!

Fear not, we will be doing so forever...
Comrades help comrades, comrade...

 

[BBSA]

Fear not, we will be doing so forever...
Comrades help comrades, comrade...

Will do anything in my power not to.

 

[Pegging]

 

[gotaway]

Going swimmingly SNAFU

 

[The_Librarian]

Now they will have more reason to increase electricity prices, but then
- more theft
- more people switching over to solar
- so less income
- meaning even higher electricity tariffs
- leading to more theft and people switching over to alternatives

 

[Arthur]

It's The People's company. We're all on the hook for Eskom's debts and liabilities. As a country we love it when government owns, controls and regulates stuff.

 

[*SynergyX*]

is this news... we all knew this 10 years ago

 

[dualmeister]

A 300% price increase will sort that out.

 

[Thor]

This can't be news?