Eskom is projected to make a steeper loss in this financial year than it did in the last, with the hole likely to be R20 billion when it closes its books at the end of March.
In 2021/22 Eskom made a loss of R12 billion. In 2022/23, all of Eskom's financial indicators are expected to worsen, with earnings before tax, depreciation, and interest; as well as operating profit, both falling. In an affidavit by Eskom chief financial officer Calib Cassim before the North Gauteng High Court in Pretoria in which the utility opposes the DA's request to interdict and have the impending 18.6% tariff increase set aside, the utility warns of its deteriorating financial position. Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
politicsblahbla Corrupted gemors
politicsblahbla Well it is going to be even bigger as basically everybody are installing solar. Do not know who are going to use the power they generate
politicsblahbla
politicsblahbla After 30 years of B.E.E. and mass looting, it should be totally bankrupt
politicsblahbla And it landed in the bank account of the ANC and cadres!!!!
politicsblahbla YEA WHY BECAUSE PEOPLE ARE FED UP NO ONE IS GIONG TO PAY THEIR ELECTRIC BILL ITS THEIR OWN FAULT WHY SHOULD WHE PAY FOR SOMETHING WHE DONT HAVE
politicsblahbla This would never happen under the leadership of Hon.Brian Molefe and Engineer Matshela Koko .. Thuli Madonsela of Stellenbosch led us to this mess .. 😂😂😂🤔🤔🤭🤭
politicsblahbla Eskom needs a thorough forensic investigation. There's alot of looting going on and all by capitalists establishment.
politicsblahbla What's truly mad is expecting not to make a loss when you can't provide the service requested in return for payment.
MashproRp politicsblahbla Mmm
politicsblahbla Eskom is in a terminal downward spiral. Nothing or nobody can save it in its current form.
politicsblahbla The great Andre De Ruyter has delivered
politicsblahbla It'll get worse as more people find alternative sources of electricity. What's more, those people won't return to Eskom. Eskom is now in a death spiral where higher prices= fewer customers.
politicsblahbla eskomsalaryshedding over 40 000 employees and nobody can fix the problem, let's start salary shedding at Eskom and see how quickly they fix this problem. and Governmentsalaryshedding as well, MORE LIES AND BS FROM ESKOM & GOVERNMENT. killing the people killing the nation
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Source: News24 - 🏆 4. / 80 Read more »