Eskom Acting CFO: Eskom cannot commit to nuclear expansion

Calib Cassim, the Acting CFO of Eskom, has said the power utility cannot commit to nuclear expansion.

Calib Cassim, acting Eskom CFO, said during the release of its financial results yesterday that the power utility cannot afford a nuclear power station expansion. “I can’t go and commit to additional expenditure on a nuclear programme,” Cassim said. 

Eskom reported a 34 percent decrease in interim profits for the six months ending 30 September 2017, down to R6 billion. It attributed this to declining sales and higher finance costs.

Meanwhile, Jabu Mabuza (pictured), the new Eskom chairman, has said the utility will review its cost structure and that it is also considering ways of reducing its indebtedness.