Eskom: There is no cash crisis ... yet

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Eskom financial director Anoj Singh.
Eskom financial director Anoj Singh.

Johannesburg - If all goes according to plan Eskom has a bright future ahead, its executives said on Wednesday during the release of its financial results. Unfortunately hidden in the financial statements a tale emerged that questioned whether the state utility had reversed its fortunes.

Eskom's irregular expenditure alone ballooned to R2.996bn this year, amidst a host of disreputable actions and tenders. Also declining electricity sales, significant governance issues and a market that is increasingly suspicious of Eskom's scandals might scuttle the firm's best laid plans going forward.

ICYMI: News on Eskom's financial results

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