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Eskom, South Africa's state-owned utility, reported a $3 billion loss amid power cuts and suspected corruption.
South Africa's state-owned utility Eskom reported a $3 billion loss for the fiscal year ending March 2024, despite a 14% increase in revenue.
Sales volumes dropped by 3%, and the company implemented power cuts on 329 days.
Eskom also faced challenges including suspected corruption and a delay in reporting results.
Despite these issues, the company anticipates turning a profit by March 2025.
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Eskom, la empresa estatal de Sudáfrica, reportó una pérdida de $3 mil millones en medio de cortes de energía y sospecha de corrupción.