[ad_1]
South Africa’s Eskom Holdings SOC Ltd. is on track to post its seventh consecutive full-year loss as the utility crumbles under the weight of its debt pile and high financing costs, poor plant performance and a ballooning municipal-arrears book.
The state-owned electricity provider maintained its October guidance for a full-year loss of 23.2 billion rand ($1.2 billion) in the year to end-March 2024, it said in a statement Wednesday. For the first half through Sept. 30, it posted profit of 1.62 billion-rand ($85 million) profit, from 3.8 billion rand a year earlier.
[ad_2]
Source link