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Eskom projects another R20bn full-year loss

Eskom chairperson Jabu Mabuza says the struggling power utility is projected to make a R20-billion full-year loss for the 2020 financial year.  The debt-laden parastatal reported a net loss after tax of R20.7-billion for the 2019 financial year. It will announce its full-year results in July 2020. Mabuza and the power utility’s senior management are presenting its interim results in Johannesburg. The utility made a profit of R1.3-billion in the first six months of the year. But Mabuza said this would change to a multi billion-rand loss in the second half of the financial year for a number of reasons.

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