Eskom’s Viability at Risk, South African Auditor-General Says
- Power utility needs to cut costs, collect outstanding debts
- Regulator to announce electricity tariffs decision on Jan. 30
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The financial viability of South Africa’s state power utility remains at risk even though it has stabilized the electricity supply, according to the nation’s auditor-general.
Eskom Holdings SOC Ltd. has gone 10 months without implementing power cuts that hobbled the economy for years and is taking measures to bolster its renewable-energy capacity. Yet significant underlying issues still need to be addressed, from cutting costs to collecting debt owed by municipalities, the watchdog said in a presentation to lawmakers.