Sales were volumes down by 6.7%.
It lessened the volumes' gross debt by R18.9 billion.
This was a 16.9% reduction and created a massive debt of R401.8 billion.
The financial year of 2020/21 for Eskom saw a revenue of over R204 billion and a decrease in gross debt by 16.9%. Image: Stock PhotoSource: Getty Images
The power utility’s debt remained non-viable and attracted a nett finance that cost R31.5 billion.
It turned the operating profit of R5.8 billion into an after-tax loss of R18.9 billion.
According toeNCA, Eskom disclosed its annual results on Tuesday, 31 August.
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BusinessTechreported that Eskom has still been negatively impacted by loadshedding this year.
Group CEO Andre de Ruyter explained that Eskom was not reprieved by the biggest impacts of the pandemic.
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De Ruyter revealed that the country’seconomyis 25% more carbon-intensive than China, speaking per capita.
It is also double the global average.
SouthAfricaalso discharges almost half of the total carbon that has been emitted by Africa.
Eskom counts for around 44% of Mzansi’s total carbon emissions.
De Ruyter stated that due to this, it is near impossible to ignore the carbon footprint being left.
According toBusinessLIVE, De Ruyter painted a picture of Eskom’s green industrialisation future.
Source: Briefly News
Reeshni ChettyReeshni Chetty is a senior current affairs reporter.
Reeshni has a passion for breaking the stigma surrounding mental health issues.
