Eskom briefs Public Enterprises Committee on annual report
Written by Lethiwe Mdluli on 9 October, 2019
By: Lindelani Mbatha
Eskom chairperson, Jabu Mabuza, says the power utility has made a net loss of R21 billion Rands after tax in the 2018/2019 financial year.
Mabuza is briefing the Public Enterprises Committee on the company’s annual report in Parliament.
On the 2017/2018 financial year Eskom made a net loss of R2.3 billion.
Mabuza says the generation energy availability factor stands at 70%.