Eskom reports a turnaround at its half year stage, with a R17.83 billion profit despite many challenges

By Edward West | Published 4m ago

Further indication of a restoration of balance sheet health was the R33. 01 billion cash balance, which is double the R16. 36 billion held in cash at the same time last year, which the utility’s board ascribed mainly due to the debt relief support received, as well as the improvement in the cash from operations during the period.