Eskom has more than doubled its annual profit to R30.3 billion, while improved generation and lower diesel use have helped keep load shedding largely at bay. But electricity sales are falling and municipal debt has climbed to about R119 billion, with several municipalities now facing a deadline to reach distribution agreements with the utility. Africa Melane speaks to power and energy expert Professor Vally Padayachee, a former Eskom executive manager and former senior executive at City Power Johannesburg, about whether Eskom’s financial turnaround is sustainable and whether municipal debt is becoming its next major crisis.
Early Breakfast with Africa Melane is 702’s and CapeTalk’s early morning talk show. Experienced broadcaster Africa Melane brings you the early morning news, sports, business, and interviews politicians and analysts to help make sense of the world. He also enjoys chatting to guests in the lifestyle sphere and the Arts. All the interviews are podcasted for you to catch-up and listen.
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