Eskom

Eskom’s financial troubles

Anton Eberhard @AntonEberhard <mobile.twitter.com/AntonEberhard> · 14h <mobile.twitter.com/AntonEberhard/status/1051877465994321920> SA power utility @Eskom_SA <mobile.twitter.com/

Eskom_SA>’s COO says their interest bill this year is ZAR 45 billion. Already that’s higher than the sums foreseen in their tariff application to the electricity regulator. Over next 3 years interest + principal payments on debt will exceed R 260 billion. Whew… [Confirmation that South Africa’s power utility @Eskom_SA <mobile.twitter.com/Eskom_SA> is in serious trouble. As I’ve predicted, losses will increase this year. It’s not generating enough cash to cover operations and its cost of capital. Interest bill this year will reach R45 billion! Restructuring inevitable [image: Image] <mobile.twitter.com/AntonEberhard/status/1051842093654663168/photo/1>

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