Eskom is stuck in a classic debt trap in which it must borrow to repay debt, with the debt service costs including a capital payment of R31.5bn
Eskom’s debt stood at R488bn at the end of March, an increase from R440bn at the 2019 year end, pre-audit figures presented to parliament showed on Wednesday.
A draft of a cash-flow statement was presented to the standing committee on appropriations on Wednesday.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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Eskom debt climbed to R488bn at year endEskom is stuck in a classic debt trap in which it must borrow to repay debt, with the debt service costs including a capital payment of R31.5bn
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Eskom warns loadshedding could last for the rest of this week.Eskom_SA has warned that Loadshedding could last for the rest of the week as a result of more constraints on the generation system.
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Eskom expects 5 generating units back in service today after breakdownsTen units went down at seven power stations on Sunday evening, and the power utility implemented stage two load shedding on Tuesday.
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Eskom confirms stage 2 load-shedding from 8am on WednesdayEskom will implement stage 2 load-shedding on Wednesday.
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