Eskom expects restatements of FY21 results, to publish FY22 results end-November

Further to Public Enterprises Minister Pravin Gordhan confirming on September 28 that Eskom would not have its annual financial statements ready by the statutory deadline of September 30, the State-owned power utility has announced that the results would be published by end November.

Eskom attributes the late results to a delay in the appointment of external auditors, as announced on November 4 last year, the extensive process of taking on a new audit and the time it takes to resolve issues that have been raised during the audit.