Kaya 959 Kaya Biz

Eskom Report A Net Loss But Reduce Its Debt

Loading player...
Power utility Eskom has reported a net loss after tax of R18.9 billion, though it managed to reduce its debt by R81.9 billion for the financial year ended March 2021. Eskom CEO André De Ruyter announced the results on Tuesday. Eskom's gross debt now stands at R401.8 billion. Its gearing ratio improved to 67%, from 71%. Debt servicing costs of R31.5 billion contributed to the net loss, De Ruyter explained.
31 Aug 2021 12PM English South Africa Business News · Investing

Other recent episodes

BofA Slashes SA Growth Forecast as Inflation Surges

Bank of America has cut South Africa’s 2026 GDP growth forecast to 1.3%, warning that higher oil and fertilizer prices will keep inflation above 4% for most of the year. Economist Tatonga Rusike explains
23 Apr 3PM 11 min

Understanding SA’s First Wealth Score

Franc unveils South Africa’s first-ever Wealth Score, revealing that financial habits—not income—are the strongest predictor of financial health. We unpack why SA’s national score is 45/100 and the behavior gap between knowing and doing with Dr. Thomas Brennan, founder and CEO of Franc.
23 Apr 3PM 13 min

Clicks Lifts HEPS 8% Despite Warehouse Disruptions.

Clicks delivered firm interim results with diluted HEPS up 8.1%, even as warehouse system delays cost an estimated R175 million in lost sales. CEO Bertina Engelbrecht discusses pharmacy growth, trading margins, and festive‑season competition.
23 Apr 2PM 16 min
All episodes