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South Africa's Eskom not insolvent but facing cashflow trouble
November 13, 2017 / 9:55 AM / 7 days ago

South Africa's Eskom not insolvent but facing cashflow trouble

JOHANNESBURG, Nov 13 (Reuters) - South Africa’s scandal-plagued power utility Eskom said on Monday it was not insolvent but was facing serious liquidity issues and would be in “trouble” if the situation persisted.

“We are not insolvent but we are projecting that if we continue along this trajectory we might be in trouble,” Eskom spokesman Khulu Phasiwe told Reuters.

Reporting by Tanisha Heiberg and Mfuneko Toyana; Editing by James Macharia

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