Posts tagged as State owned company

Eskom’s results: Revenue flat, costs up, massive loss – how will the lights stay on?

Eskom’s recently released annual financial results reveal that this state-owned power utility is losing money hand-over-fist and is trying to get the public to finance it. Its published income statement document reports that in the year ended 31 March 2018 Eskom’s operating company (i.e. the company which generates and sells electricity, as opposed to the […]