Eskom’s debt reaches new heights

The Joint Appropriations and Public Enterprises Committees are set to discuss Special Appropriations Bill of the power utility, aiming to give Eskom R59 billion in the next two years.

Mabuza further elaborates that the tariff increases are not cost-reflective as operation costs are at a staggering R151 billion, which further indicates a 30% increase.

Gordhan predicts Eskom would have been out of funds by October.

Read more here.