South Africa's Eskom has cash to last 'a few months'Staff Writer | November 15, 2017
South Africa's cash-strapped power utility Eskom has enough cash to pay wages and keep operations going for a few months and does not plan to retrench any workers despite a liquidity crunch.
Africa $83.5 million
"This is why we've been negating these reports that we only have 1.2 billion rand ($83.5 million) in our coffers.
"Although we have not met our target of 20 billion rand in terms of reserves, we still have enough cash to keep us going for a few more months," he said without giving a timeframe. ■