Eskom’s interim results announcement has been postponed until early next year.
This was “to afford us the opportunity to review the impact of the 5.23% price increase as well as to allow the newly appointed board members sufficient time to review the financials‚” it said.
The lower-than-anticipated tariff increase was approved by the National Energy Regulator of South Africa (Nersa) on Friday last week.
Nersa approved an allowable revenue of R190-billion‚ resulting in an average percentage price increase of 5.23% against Eskom’s request for an average standard price increase of 19.9%.
“Eskom will release the results as soon as possible to ensure effective business continuity‚” acting chief financial officer Calib Cassim said.