
Eskom announced a R 20.7 billion net loss after tax for the financial year ended 31 March 2019.
This loss is up from R 2.3 billion in the previous financial year.
This follows Finance Minister Tito Mboweni announcement last week of a R 59 billion bailout for Eskom from government to be paid in two installments: R 26bn in the 2019/20 financial year followed by R 33bn in the 2020/21 financial year.