Eskom released its financial results.
JOHANNESBURG - Embattled power utility Eskom announced record losses for the year ending March 2019.
Eskom suffered a R20.7-billion loss.
Chairman Jabu Mabuza said the results that, while expected, are unfavourable.
The utility's performance has had a ripple effect on the country’s economy.
Electricity prices have increased by about 30 percent over the last two years.
With the embattled power utility owing more than R450-billion, government recently allocated billions to bail it out yet again.