'I won't fail to try' says Eskom boss as financial performance slides


- fin24.com | 4 months ago

Eskom's executives told Parliament’s Portfolio committee on Public Enterprises on Wednesday that the power utility’s progress in rooting out maladministration and turning the entity around were undermined by its dire financial situation.

According to Eskom's annual results for the year ended March 2019, its net loss after tax went up to R21bn from from R2. 3bn in the previous year.

The utility's debt also exceeded R440bn.

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