Eskom set to post record loss

[Jamie McKane]

Eskom set to post record loss

Eskom Holdings SOC Ltd., which supplies about 95% of South Africa’s power and is reliant on government bailouts to remain solvent, is set to announce its second consecutive multi-billion rand annual loss on Tuesday. The big question is: How many billions?

The state-owned utility forecast in January that its loss would widen to about 20 billion rand ($1.4 billion) in the year through March, from 2.3 billion rand the year before.

[Bloomberg]

 

[reactor_sa]

More billions than anyone can afford

 

[lived666]

When you take 8 years longer to build power stations at 10x the original cost and then.....oopsy they don't work, well no surprises here.

 

[Gordon_R]

Deja-vu, posted last Friday: https://mybroadband.co.za/forum/thr...ospheric-loss-as-labour-costs-rocket.1039155/

https://www.dailymaverick.co.za/art...st-stratospheric-loss-as-labour-costs-rocket/

 

[Swa]

And how much does Soweto owe?

 

[system32]

And how much does Soweto owe?

Only 12% compliance, no wonder Eskom is in trouble

 

[Easter Bunny]

luckily there's a lot of jail time coming for the people involved in state capture and getting eskom into this unrecoverable hole it is in.


just kidding, nobody's going to jail.

 

[RedViking]

luckily there's a lot of jail time coming for the people involved in state capture and getting eskom into this unrecoverable hole it is in.


just kidding, nobody's going to jail.

Funny bunny....

 

[now05ster]

luckily there's a lot of jail time coming for the people involved in state capture and getting eskom into this unrecoverable hole it is in.


just kidding, nobody's going to jail.

Without a link to your source how would we know that's true?

Just joking

 

[BBSA]

https://twitter.com/x/status/1156179360677806080

 

[TysonRoux]

MABUZA: ESKOM RECORDS R20.7 BILLION LOSS FOR 2018/2019 FINANCIAL YEAR

Eskom's management has been briefing the media on the state-owned enterprise's annual financial results on Tuesday afternoon.