Home Mzansi News Eskom denies it is cash-strapped

Eskom denies it is cash-strapped


Eskom has denied reports that it has only three months’ worth of cash left.

Leaked financial results showed Eskom has only R20-billion left and will be unable to pay November salaries unless it receives a bailout.



Despite this, the parastatal apparently plans to pay more than R5-million in bonuses to three of its most controversial former and current executives, including axed CEO Brian Molefe and suspended acting CEO Matshela Koko, the newspaper says.