Scandal-plagued Eskom has only enough cash to last it for the next three months – but it still wants bonuses to be paid to axed CEO Brian Molefe‚ suspended acting chief executive Matshela Koko and others‚ the Sunday Times reported.
According to its annual financial statements‚ the Sunday Times report said‚ the power utility is sitting on its last R20-billion. This means that‚ unless something is done urgently‚ the parastatal could find itself unable to pay November salaries.
The financial statements‚ which the Sunday Times has seen‚ were presented to Public Enterprises Minister Lynn Brown late last month. Her office yesterday refused to comment‚ saying it was premature.
The power utility postponed the announcement of its results the night before they were scheduled to be made public‚ leaving industry analysts speculating about the reasons for the delay‚ the newspaper reported.
Broke Eskom to splash on bonuses for Molefe‚ Koko
According to its annual financial statements‚ the Sunday Times report said‚ the power utility is sitting on its last R20-billion. This means that‚ unless something is done urgently‚ the parastatal could find itself unable to pay November salaries.
The financial statements‚ which the Sunday Times has seen‚ were presented to Public Enterprises Minister Lynn Brown late last month. Her office yesterday refused to comment‚ saying it was premature.
The power utility postponed the announcement of its results the night before they were scheduled to be made public‚ leaving industry analysts speculating about the reasons for the delay‚ the newspaper reported.
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