Eskom needs 32% hike to solve debt problem, says CFO

Eskom CFO Calib Cassim says that even if Eskom is relieved of R200-billion in debt, the company will soon be back in the same position if it doesn’t significantly raise tariffs, cut costs, and get people and municipalities to pay their bills.  Cassim was speaking at the first day of hearings on Eskom’s tariff application to the National Energy Regulator of SA (Nersa) on Monday, where Eskom is asking for a 32% increase for 2023/24.