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[LISTEN] Alarm raised over Eskom's financial woes

| The struggling power utility's financial state has raised concerns, with energy expert Chris Yelland saying that Eskom’s projected liquidity is very low at the moment.

CAPE TOWN - A final draft report from Eskom to its shareholder for the second quarter of 2017, ending 30 September 2017, paints an alarming picture of funding difficulties and declining liquidity, primarily driven by perceptions of poor governance.

Energy expert Chris Yelland says that the financial problems at Eskom are concerning and should be addressed urgently.

"Eskom says it intends to cut back on its capital programme. This means slowing down at Medupi and Kusile, it means slowing down the payment of contractors ... slowing the processes down and this is not easy to do. There's a momentum in these projects that you can't just stop. You can't cut payments overnight, but they intend to slow down on R5 billion to R10 billion worth of capital payments at Medupi and Kusile."

Listen to the audio above for more.

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