Eskom says gross debt rose to $29.3bln as of March

South African state power utility Eskom’s gross debt increased to R488 billion ($29.3 billion) as of March 2020, from R440 billion a year earlier, the firm said in a presentation to parliament on Wednesday.

Eskom added that its pre-audited results for the 2019/20 financial year reflected a closing cash balance of R23 billion, and that the risk of power cuts would remain until after it had completed an 18-month maintenance programme.