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Eskom annual financial results

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Noluthando Mthonti-Mlambo speaks to Eskom's Acting CFO, Martin Buys about the company's results. The power utility incurred a net loss after tax of R23.9 billion, a significant increase from the R11.9 billion net loss reported for the previous financial year. Primary energy expenses, specifically the expenditure to supplement generation capacity through the usage of open-cycle gas turbines (OCGTs), remained the biggest contributor to the financial loss, with a total of R29.7 billion spent on both Eskom and independent power producers in the period under review. This is almost double the R14.7 billion spent in the previous year.

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