Balance Sheet

Six-year contract with Framatome is bleeding Eskom’s finances

Beleaguered utility fined R950 million for delays in planned maintenance at Koeberg, which will leave the country without a major power source for months

Mandisa Makgakga

5 min read

Eskom’s financial situation renders it unable to service utilities from its own revenue. Over R200 billion of the utility’s debt has been considered distressed debt — which must be paid back with urgency — by Eskom chief financial officer Calib Cassim.

ANC

9 FEB 2023

Is Nersa really to blame for Eskom’s mess?

Political parties and NGOs will be taking Nersa and Eskom to court for granting the utility an 18.65% tariff hike

Mandisa Makgakga

5 min read