Eskom set to halve FY loss to R9bn, but R392bn debt remains ‘unsustainable’

State-owned electricity utility Eskom expects to cut its full-year loss to R9.1-billion in 2021/22, from R18.9-billion in 2020/21, but warns that its debt position remains unsustainable despite some positive financial momentum during the six months to September 30, including a reduction in its overall debt to R392-billion. CEO André de Ruyter reported on Thursday that Eskom made a R9.2-billion profit during the first half of its financial year, on the back of higher tariffs (15.06%) and sales volumes (8%) and reduced costs (R20-billion in savings targeted).