Power utility Eskom has reported a net loss of R2.3bn
in 2018, compared to a profit of R0.9bn the year before.Eskom chairperson, Jabu Mabuza, released Eskom's financial results on Monday, revealing irregular expenditure of R19.6bn going back to 2012.
Mabuza also announced that Eskom remained focused on finalising investigations into suspended executives while also improving corporate governance.
"I believe that the action taken within a relatively short space of time against those who played a key role in some of the critical governance lapses over the past few years demonstrates how serious we are about rooting out corruption and irregular practices," Mabuza said.
"We will continue to pursue those engaged in wrongdoing and take corrective action within the South African legal framework. We are determined to clear the company of corruption in all its forms, with about 250 cases reported through Eskom’s whistle-blowing channels currently under investigation."
(ANA)
(additional reporting Algoa FM)
