Everything about Eskom is massive, including its importance to the South African economy – which is in a fragile state, not least because of the state-owned enterprise’s woes.Gross debt was cut by R81.9-billion – a truly staggering figure – leaving an outstanding debt of R401.8-billion. If you are looking for an analogy of scale in the animal world, a blue whale would come to mind: in this case, the creature is foundering in the shallows and about to beach itself.
“To address this, among other challenges, Eskom is working closely with the Political Task Team led by the Deputy President,” Eskom said. That would be David Mabuza, who recently spent a lot of time in the potato republic that is Russia. The utility is forging ahead with its turnaround plan in the face of stiff union and political resistance.
This guy is the worst CEO eskom has ever had.
2018 - R21.3bln loss 2019 - R20.5bln loss 2020 - R20.9bln loss 2021 - R18.9bln loss
'This was expected and no shocker'......really...
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