Group annual results for the year ended 31 March 2023

Summary

Eskom, South Africa's national utility, is grappling with severe challenges, including a significant deterioration in plant availability, leading to 280 days of loadshedding and a substantial net loss of R23.9 billion. The utility is implementing a generation recovery plan focusing on priority power stations and working to strengthen its transmission network, but performance continues to be impacted by a capacity shortfall and ongoing operational issues. The company received a qualified audit opinion related to PFMA disclosure requirements, highlighting ongoing governance challenges.

Key Facts

Source Document

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