Energy – 02 April 2024

ENERGY

• Eskom set for another R20 billion loss as the utility continues to struggle with declining sales due to elevated load-shedding and increased spending on diesel. This was revealed by Eskom chairperson Mteto Nyati, who told CNBC Africa that it would take the utility more than two years until it became profitable again. One of these issues is the organisational culture, which Nyati described as a “culture that is unhelpful and dysfunctional”. Other issues included the utility’s over R400 billion debt, criminality within Eskom, its unreliable operations and leadership instability. (Source)