Issue 362 - 01 Feb 2018
As demonstrated by its delayed financial results for H1 2017, Eskom has a long way to go before it is out of trouble. Liquid assets had fallen to R9bn ($757m) by the end of September, from R30bn the previous year, while the utility’s total debt was R360bn. Newly appointed chairman Jabu Mabuza said the debt-to-equity ratio of 72% was “unsustainable” and that Eskom needed to aim for closer to 50%.
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