Alarming story in Eskom numbers

Business Day Live 27 November 2012.

IF THERE was one number out of a rash of rand and cents that took just about everyone aback at last week’s six-monthly results presentation by Eskom, it was that sales of electricity fell by nearly 3%. That adds up to 3,277GWh.

You may not think that’s much but it is actually a terrifyingly steep decline, says analyst Chris Logan.

Eskom spokeswoman Hilary Joffe said weak economic growth has something to do with it, but that’s difficult to accept since the physical volume of electricity produced has fallen since 2006…

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