Eskom reports R20.7bn loss due to ongoing challenges | IOL Business Report

JOHANNESBURG – Eskom on Tuesday announced a whopping R20.7 billion net loss after tax for the financial year ended 31 March, up from R2.3 billion the previous year, the biggest financial loss for corporate South Africa in years.

"Today, Eskom releases results that, while expected, are unfavourable. The organisation disappointingly incurred a net loss after tax of R20.7 billion, a significant increase from the R2.3 billion loss experienced in the previous year coupled with an audit qualification on PFMA compliance," Mabuza said.

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