Is Eskom living on borrowed time?

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Dr Stephen Labson is managing director of Trans African Consulting Group and senior research fellow at the University of Johannesburg
Dr Stephen Labson is managing director of Trans African Consulting Group and senior research fellow at the University of Johannesburg

The worst of times may still lie ahead for Eskom, says Dr Stephen Labson, who delves into the details behind the figures presented in the power utility's financial results.

WITH the presentation of Eskom’s 2017 financial results delayed by a week to manage the fallout of a qualified audit, an interim board announcing that it will pursue disciplinary actions against a former acting CEO and questions surrounding a R500m payment to a consultancy without a contract, it was difficult for either Eskom or the media attending Wednesday’s presentation of results to focus on the relatively mundane matter of year-end profits and losses.

ICYMI: News on Eskom's financial results

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