Eskom said in a statement that it had achieved a net profit of R83-million for the six months to September 2020. But the financial lights are already fading and the company said its “financial performance is expected to deteriorate in the second half of the financial year due to seasonality factors, with increased summer maintenance and expenditure required to ensure security of supply, coupled with reduced demand and lower summer tariffs”.
Maintenance is of course crucial to keep the lights on and the utility said that its “reliability maintenance programme is in full swing”, with more than 15% of capacity under planned maintenance, which is equivalent to more than two large power stations. It is the unplanned outages on top of that which typically lead to load shedding.
And Eskom’s own debt remains a major cause for concern. As of 30 September, Eskom had secured R19.6-billion, or 48% of its funding requirements of R40.7-billion for the financial year.
Am still going off the grid
Was profit before interest payments? Font believe the numbers
When was the last time Eskom showed a profit?
introduced by our learned friend mr Ruyters... maintenance does not exist in anc vocab!
I owe you an apology to ever doubt your sincerity and professionalism. It’s was just like a dream to me when I received my first payment. After my second payment it became a reality now after several payments it has become a way of life. lisaMakT
Now we must just seek a solution for illegal connections
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