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Thursday, 27 August 2009

Breaking news R5.879 billion additional loss at Eskom

Besides the R9.708 billion after tax loss reported in the 2009 Annual Report, Eskom lost another R5.879 billion in the real value of its Accumulated Profits from March 2008 till July 2009. This amount was unknowingly and unintentionally destroyed in the real value of Eskom´s Accumulated Profits by the accountants at Eskom implementing the stable measuring unit assumption.

Kindest regards,

Nicolaas Smith