Eskom wants govt to cover R100 billion debt

Eskom wants govt to cover its R100 billion debt

Eskom is considering getting government to absorb R100 billion of its debt.

Eskom CEO

The power utility has accumulated debt that stands at around R420 billion and its expected to accumulate over R215 billion in more debt over the next 5 years. 

Recently - its CEO admitted maintenance costs that weren't budgeted for are also spiraling out of control - and have contributed to the loadshedding being experienced at the momemt. 

Eskom believes if government absorbs a chunk of its debt it could lighten the financial load.

But the utility's Dikatso Mothae says for now - it's only just a consideration.

Stage Two loadshedding is currently underway.

Missed a Newswatch bulletin 2

Show's Stories