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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessEskom to Post Record Loss, According to Treasury Documents
- Fin24 write that Eskom is to post a record R21.2 billion loss for the last year - citing unaudited results disclosed by the National Treasury in Parliament.
- Piece writes that Eskom's loss for the year comes despite a 9.61% tariff increase and an R21.9 billion bailout from the Treasury. It earned less revenue than anticipated and spent more, especially on diesel (R21.36 billion) which was more than double the previous financial year. Its debt stock swelled to R439 billion – about a 10% increase over the year – due to the weakening rand and borrowing activities.
- Full piece: https://www.news24.com/fin24/economy/eskom-to-post...
To read the full story
Sign up now for free trial access to this content.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.