Eskom releases year-end financial report
Updated | By Benedict Ngwenya
![money2_dm_BaPEln9.jpg](https://turntable.kagiso.io/images/money2_dm_BaPEln9.width-800.jpg)
The power utility is releasing its year-end financial report at its Johannesburg headquarters this morning.
Energize magazine Editor, Roger Lilley says he is expecting a R3.6-billion profit to be announced.
"Despite the fact that they keep asking for more money from the tariff, they still seem to be able to make a profit, even though they're burning a lot of diesel to keep the lights on," he said.
Lilley says it will be interesting to find out how the surplus came about given the organisation has often said it is running out of money.
"Eskom don't seem to really be able to manage their financial affairs at the moment. They suspended their financial director, just a month ago now they've taken on someone who's been seconded to them from Postnet to handle their financial affairs," he said.
(File photo)
Show's Stories
-
British teen shows off too soon at European Champs
Herein lies a classic life lesson: Don't take anything for granted...
Stacey & J Sbu 16 hours ago -
The truth behind the viral 'bed rotting' trend
What it means to be a bed rotter...
Stacey & J Sbu 18 hours ago