Eskom debt solution remains a ‘work in progress’ despite reduction to R401bn

Public Enterprises Minister Pravin Gordhan reported on Tuesday that, while Eskom was able to reduce its debt by R83-billion, from R484-billion to R401-billion, during the 2021 financial year, efforts to find a lasting solution to the State-owned utility’s unsustainable debt remained a “work in progress”. Gordhan told lawmakers that the management of Eskom’s debt was one of the key priorities to return the entity to a sustainable path, but in a subsequent media briefing acknowledged that “we haven’t been able to move as fast as we thought we might be able to move”.