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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

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