Eskom will appear before parliament to explain its financial statements on Wednesday. In the past financial year, Eskom suffered an R20-billion loss, its second multi-billion rand loss.
In July Eskom said its projections showed that it would pay 20-percent more for coal this financial year after being forced into more expensive short-term coal supply contracts.
Mineral Resources and Energy Minister Gwede Mantashe said last week that government was pushing for the reduction of the cost of electricity to save the economy from a complete collapse.
In other news – School pupil arrested in KwaZulu-Natal for stabbing
The incident marks the third involving a pupil being stabbed at a school this week. Police have arrested a girl pupil for allegedly stabbing her schoolmate at a school in Isiphingo, Durban.
This after two girls allegedly had a fight, which led to one stabbing the other. Read more
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