Eskom CEO: 30 companies must pay us back for poor workmanship | Fin24
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This is the first week that Eskom has not implemented load shedding, following several days of Stage 4 load shedding, which was also prompted, in part, by Cyclone Idai in Mozambique. At the time, the power shortage was so critical that Eskom continued to implement Stage 2 load shedding during the night.
Hadebe did, however, acknowledge that when he and the new Eskom board first took over some 12 months ago, they should have prioritised maintenance then. "We are facing balance sheet issues," he said, adding that while Eskom generated about R180bn in revenue, its costs were some R140bn while at the same time, it faced crippling debt.Sunday Read: Load shedding through the years and how Eskom has struggled to keep the lights on
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