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Eskom debt increases to R488bn

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South Africa Headlines News

Power utility Eskom_SA told Parliament that its gross debt stood at R488 billion as at March, up from R440bn recorded in March 2019.

Power utility Eskom told Parliament on Tuesday that its gross debt stood at R488 billion as at March, up from R440bn recorded in March 2019.

"The bulk of these payments were made using the R49bn received from government. It should be noted that Eskom generated a positive operating cash flow of R36.2bn for the year," read the report. "The R56 billion appropriated for the 2020/21 financial year will be used to assist in servicing the estimated R95 billion interest and capital repayments falling due in the 2020/21 financial year."

 

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