The Best of Breakfast with Bongani Bingwa

Is Eskom in huge trouble as profit drops?


Bongani Bingwa speaks to Calib Cassim, Eskom’s Chief Financial Officer Eskom’s financial problems have gone from bad to worse.  Eskom is facing reduced generation performance, low coal stockpiles, and increases in municipal debt, currently in a debt reliant liquidity situation, Revenue up 3% to R98.1 billion, profits dropped by 89%, and yesterday forecast a loss before tax of more than R11.2 billion ($800 million) in the current financial year, despite a turnaround plan designed to shore up its finances.

Mayor Mashaba staging a sit-in at Eskom on behalf of paying residents

Mayor Mashaba staging a sit-in at Eskom on behalf of paying residents

22 July 2019 9:22 AM

What’s Viral - Airline passenger use feet to swipe through in-flight entertainment

What’s Viral - Airline passenger use feet to swipe through in-flight entertainment

22 July 2019 7:59 AM

Fundamentally and irretrievably flawed Ramaphosa takes PP report on review

Fundamentally and irretrievably flawed Ramaphosa takes PP report on review

22 July 2019 7:31 AM

The Lion King opens in cinemas worldwide

The Lion King opens in cinemas worldwide

19 July 2019 9:22 AM

What’s Gone Viral - First trailer drops for Top Gun sequel

What’s Gone Viral - First trailer drops for Top Gun sequel

19 July 2019 8:01 AM

New deputy governor of the Sarb on Reserve Bank repo rate cut

New deputy governor of the Sarb on Reserve Bank repo rate cut

19 July 2019 7:36 AM

Public Protector vs Pravin Gordhan

Public Protector vs Pravin Gordhan

18 July 2019 8:32 AM

What’s Viral - Woman tracks thieves for two days after they stole her car

What’s Viral - Woman tracks thieves for two days after they stole her car

18 July 2019 8:11 AM

Former SARS employee, Yolisa Pikie cautions about Jacob Zuma’s spy claims

Former SARS employee, Yolisa Pikie cautions about Jacob Zuma’s spy claims

18 July 2019 7:30 AM

Minister Sisulu wants 7-day shifts for officials in bid to clean up Water Dept

Minister Sisulu wants 7-day shifts for officials in bid to clean up Water Dept

17 July 2019 9:27 AM