Eskom to implement cost-effective measures
Eskom says its financial situation has left it with no choice but to implement strict money-saving measures.
Yesterday, Fin24 reported that the power giant is left with only R1.2 billion of liquidity reserves based on a report to the Public Enterprises Minister which it has seen.
Eskom spokesperson, Khulu Phasiwe would only say they should be sitting at around R20 billion - adding they are in no way close to this figure.
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He says they are working on turning the situation around.
"The first one is to make sure that we draw down on the loan that we already have secured. We are also going to continue with our programme of retrieving money from municipalities that are owing us. They owe us R11.2 billion. The third option is for us to ask for a tariff adjustment for next year, which is what we are currently doing through the NERSA processes," he says.
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