WATCH: Eskom briefs parliament on financial statements

Eskom will appear before Parliament to explain its financial statements. In the past financial year, it's suffered an R20-billion loss, its second multi-billion rand loss.

JOHANNESBURG - Eskom will appear before parliament to explain its financial statements on Wednesday.

In the past financial year, Eskom suffered a R20-billion loss, its second multi-billion rand loss.

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In July Eskom said its projections showed that it would pay 20-percent more for coal this financial year after being forced into more expensive short-term coal supply contracts.

Mineral Resources and Energy Minister Gwede Mantashe said last week that government was pushing for the reduction of the cost of electricity to save the economy from a complete collapse.

Source
eNCA