Eskom electricity theft cost R29-billion in unbilled revenue
Eskom reported a R30.3-billion profit for the year to 31 March, but a larger sum than that never reached the income statement at all. Outgoing group chief financial officer Calib Cassim set out the arithmetic at Monday’s results presentation. Eskom, he said, lost 13.1TWh of electricity to theft during the year – power that was…