JOHANNESBURG - Eskom has just released its financial statements, saying municipal debts have escalated to R74 billion.
The power utility remains concerned about weak internal controls which are affecting its audits.
The utility’s board says a weak balance sheet, tariffs that do not reflect costs, lack of sustainability and corruption are key issues affecting its finances.
The head of the energy secretariat and research lead at the South African National Energy Development Institute, Prof. Sampson Mamphweli discussed the results with eNCA.