Eskom set for seventh full-year loss as power cuts grip South Africa

South Africa’s Eskom Holdings is on track to post its seventh consecutive full-year loss as the utility crumbles under the weight of its debt pile and high financing costs, poor plant performance and a ballooning municipality arrears book. The state-owned electricity provider posted a 1.62 billion-rand ($85 million) interim profit in the period through Sept. 30, from a prior 3.8 billion-rand profit a year earlier, the company said in a statement posted on its website on Wednesday.