July 30, 2019 / 12:57 PM / 19 days ago

South Africa's Eskom expects loss of around 20 bln rand in 2019/20

JOHANNESBURG, July 30 (Reuters) - South Africa’s struggling state power firm Eskom said on Tuesday that it expected to make a loss of around 20 billion rand ($1.41 billion) in the 2019/20 financial year, a similar loss to the previous year.

Eskom added in a presentation accompanying its 2018/19 financial results that it forecast negative cashflow of 5 billion rand in 2019/20, despite large bailouts from the government. ($1 = 14.1930 rand) (Reporting by Alexander Winning)

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