Eskom’s debt is reaching R450-billion, with no signs of letting up as borrowing increases, revenue remains flat and municipalities renege on their commitments even further, Parliament has heard. Public Enterprises Minister Pravin Gordhan and Eskom chairperson and acting CEO Jabu Mabuza outlined the declining condition of the State utility in a joint briefing to Parliament’s appropriations committee, the Public Enterprises Committee and the Select Committee on Appropriations.
