Eskom is on track to deliver another loss above R20 billion as the utility continues to struggle with declining sales due to elevated load-shedding and increased spending on diesel.that it would take the utility more than two years until it became profitable again.
Other issues included the utility’s over R400 billion debt, criminality within Eskom, its unreliable operations and leadership instability. Thus, the company will steadily move closer to profitability. However, Nyati said this will still take more than two years to reflect on the company’s bottom line.
Source: News Formal (newsformal.com)
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