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Financial|Health
Financial|Health
financial|health

NO MASKING THE LOSSES

Photo of Eskom chairperson Professor Malegapuru Makgoba, CEO Andre de Ruyter and CFO Calib Cassim

Photo by Creamer Media's Donna Slater

10th September 2021

     

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Eskom chairperson Professor Malegapuru Makgoba, CEO Andre de Ruyter and CFO Calib Cassim were all masked up in line with Covid-19 health protocols when delivering the electricity utility’s results for the 2020/21 financial year. Despite some improvements, Eskom’s debt mountain was yet again insurmountable, and contributed to yet another massive loss of close to R19-billion. While losses might shrink slightly in the coming years, it is going to be up to the taxpayer to sustain Eskom’s going-concern status unless and until a viable solution is found to the debt problem.

Edited by Creamer Media Reporter

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