Eskom won’t need more government cash over next year – Minister


LONDON – South African state-owned power firm Eskom does not require government cash injections over the next 12 months, the country’s Public Enterprises Minister Pravin Gordhan said on Monday.

Cash-strapped Eskom is critical to Africa’s most industrialised economy as it supplies more than 90 percent of its power but is also one of its most indebted state firms.

“They (Eskom) have got enough liquidity for the next year, and they don’t require any cash from the government side,” Gordhan told Reuters on the sidelines of the FT Africa Summit in London.

He added that job losses weren’t currently on the table at the power firm either. (Reuters)