We Are Not Broke – Eskom

Staff Writer | The Republic Mail

By Mbali Sibiya

Eskom has refuted allegations that the utility is facing a cash crisis and that it only has enough money to last for the next three months.

This comes amid reports that it still wants to pay bonuses to axed CEO, Brian Molefe, and suspended Acting Chief Executive, Matshela Koko, despite the challenges.

According to the Sunday Times, the power utility is sitting on its last 20 billion rand, meaning that salaries will not be paid by November if something is not done.

Eskom says while it’s not able to respond comprehensively, it is important to confirm that the utility is not facing liquidity challenges.