Power utility Eskom has reported a net loss after tax of R20.7-billion for the 2019 financial year, with municipal debt rising to some R20-billion. The power utility attributed the loss to a lower-than-expected 5.23% tariff increase granted by the energy price regulator for the 2018/19 financial year, a 1.82% decline in sales volumes, an above inflation wage settlement with unions, as well as the abovementioned escalating municipal debt.
