Mabuza: Eskom records R20.7 billion loss for 2018/2019 financial year
Eskom's management has been briefing the media on the state-owned enterprise's annual financial results on Tuesday afternoon.
JOHANNESBURG - Acting Eskom board chair Jabu Mabuza has announced the entity has incurred a loss of R20.7 billion in the 2018/2019 financial year.
Eskom's management has been briefing the media on the state-owned enterprise's annual financial results on Tuesday afternoon in Johannesburg.
Mabuza has also given his reasons for taking on a dual role, saying a new CEO must be found in the next three months as he realised that a dual role was a conflict of interest.
“I have availed myself to be a placeholder for the next three months as Phakamani steps down [sic]. I do this being mindful of the need for leadership stability in this organisation.”
WATCH LIVE: Eskom briefs the media on its 2018/2019 financial results