The logo of state power utility Eskom is seen outside Cape Town's Koeberg nuclear power plant in this picture taken March 20, 2016. REUTERS/Mike HutchingsThe logo of state power utility Eskom is seen outside Cape Town's Koeberg nuclear power plant in this picture taken March 20, 2016. REUTERS/Mike Hutchings
Eskom has reported a net loss of R12.3-billion for the year which ended 31 March 2022. The power utility says the is largely due to high finance costs and the usage of Open Cycle Gas Turbines to supplement generation capacity.Eskom outgoing CEO Andre De Ruyter“Our net loss while still unacceptably large at R12.3 billion is a 51% improvement compared to the prior year sales volumes were moderately up after a recovery in demand following the COVID pandemic.
Eskom’s annual results show improvement in financial performance, however, continued poor plant performance and high debt levels continue to be a concern
Where is Numsa with this Unions are not representing works they are the elite. if you can look at the benefits you will be amused am telling you 😒
Don't forget BBEEE+ too... and corruption.
Rates going up