Eskom warns of ongoing injections unless solution is found to ‘unsustainable’ debt

State-owned power utility Eskom’s debt burden remains “unsustainable” despite an R81.9-billion reduction in its gross debt to R401.8-billion in the year to March 31, 2021, during which the entity remained a going concern only because of a R56-billion government injection. The utility reported a slightly improved loss of R18.9-billion (R20.7-billion) for the year but also indicated that it would continue to require taxpayer support for the foreseeable future, with government having already injected the R31.7-billion pledged for the 2022 financial year.