Stephen Grootes comments on the dramatic decisions the parastatal will need to make.
Speculation is mounting that some Cabinet ministers may be considering selling parts of Eskom to raise money.
The power utility is expected to hike electricity tariffs by between two and five percent next year.
The energy regulator has given Eskom the go ahead to adjust rates above the 8% already granted.
A cash injection or loan guarantee could ease the cash-strapped power utility’s problems.
Eskom CEO Brian Dames said the company only had a two-year plan to deal with debt problems.