The Auditor General of South Africa (AGSA) has again given Eskom a qualified audit for 2023/24. AGSA is worried about Eskom's finances, and rising municipal debt is a big problem.
AGSA said Eskom can still operate. But this depends on government support. It also depends on Eskom solving its municipal debt crisis.
On Wednesday, AGSA reported that Eskom's audit got worse in 2023/24. Only one area improved, and three areas declined.
Generation and plant operations improved, but AGSA said this improvement was small and did not meet government expectations.
The declines were in distribution, finances, and oversight. These are more concerning.
AGSA said Eskom's financial statements contained errors, there were control problems, laws and...