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.

<p>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.</p>

POWER Business is on every weeknight, offering a wrap-up of the day’s business news, analysis of market trends and advice on all money-related matters. Noluthando Mthonti-Mlambo interviews leading CEOs whose businesses are making headlines. POWER Business also has a human interest focus, unpacking the nature of the economy and empowerment more broadly.

<p>POWER Business is on every weeknight, offering a wrap-up of the day’s business news, analysis of market trends and advice on all money-related matters. Noluthando Mthonti-Mlambo interviews leading CEOs whose businesses are making headlines. POWER Business also has a human interest focus, unpacking the nature of the economy and empowerment more broadly.</p>

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