Question

Evaluate the current financial performance of Eskom Eskom

Answer 1

Answer:

Explanation:

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.