Evaluate the current financial of Eskom
Answers
In South Africa, the electricity sector is dominated by Eskom Holdings SOC Limited (Eskom).
They generate a major percentage of electricity for the country which is about 95% of the electricity in South Africa.
Eskom reported a ($48.05 million) profit in the first half of the 2018/19 financial year, 89 percent lower than a year earlier.
They said that the profit slump was caused by higher borrowing costs, greater fuel costs and increased expenditure on staff.
considering its importance of South Africa economy many people are deeply concerned about power utility eskom's financial status as a going concern
EE publishers investigative editor and managing director , Chris yelland caught up with Eskom's new chief financial officer after president Cyril Ramaphosa's state of the nation address, to find out more about the utility's financial position
Calib Cassim CA was appointed Eskom CFO in November 2018 after serving as acting CFO from July 2017 following the resignation in disgrace of Eskom enterprises , Escape and Eskom Finance Company
hope it helped you........!