Eskom to release annual results

File: A general view of the headquarters of the embattled South African main electricity provider Eskom. AFP/Gianluigi Guercia

Gianluigi GUERCIA / AFP

JOHANNESBURG - Eskom is expected to release its annual results on Friday.

This comes after a three-month delay.

The indebted power utility continues to rely on government support and borrowing to run its operations.

READ: Eskom says gross debt increased to R488bn as of March

This year, it received R23-billion which was allocated in the 2020 Budget.

Treasury says Eskom is making progress in its turnaround plan.

However, its growing debt burden is still a concern.

Its debt has now reached almost 5-hundred-billion rand.

Source
eNCA