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Eskom|Financial|Health
Eskom|Financial|Health
eskom|financial|health

TIME & MONEY

16th August 2019

By: Darlene Creamer

     

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Government’s commitment to transfer a further R59-billion to Eskom during the 2019/20 and 2020/21 financial years has bought the State-owned utility some time. By its own estimation, the transfers will guarantee Eskom’s going-concern status for a further 12 to 18 months. Eskom has also warned, however, that more money will be needed to return it to financial health. With consumers and citizens feeling stretched to breaking point, some tough decisions are now needed to ensure that Eskom does not drag the entire country over a cliff.

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