Eskom net loss anticipated to be R20.1bn

JOHANNESBURG - Outgoing Eskom CEO, André de Ruyter, says the annual results show Eskom's net loss is anticipated to be R20.1 billion during this financial year.

This is due to a decline in sales volumes, higher maintenance spend as well as higher spend on open cycle gas turbines, among other factors.

READ: De Ruyter: Municipal debt a cause for concern

De Ruyter also blamed poor performance from generation divisions 

He made the comments during an update on the utility's performance for the financial year ended March 2022

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Outgoing Eskom CEO, André de Ruyter, says the annual results show Eskom's net loss is anticipated to be R20.1 billion during this financial year. #DStv403 #eNCA pic.twitter.com/dDEhJQICyG

— eNCA (@eNCA) December 23, 2022