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Johannesburg - Eskom will announce its long-awaited interim results on Tuesday.
The state utility announced on Sunday night that it has scheduled the announcement for this week, after its bonds faced suspension from the JSE.
Two weeks ago Eskom was forced to issue a stock exchange notice on the JSE, after the bourse warned the state utility it would delist Eskom's bonds if it does not release its interim financial report within the three months stipulated by its debt listing requirements.
The release of Eskom's interim results has been postponed since November 2017. But the power utility said it would meet the JSE's deadline. "Eskom can confirm that it remains committed to release these results on or before 31 January 2018," the notice read.
Previously Eskom said it was delaying the release of the results to review the impact of the 5.23% price increase granted by energy regulator Nersa, and to allow its new board to review the financials.
Fin24 in November reported that the power utility’s poor governance had left it teetering on the edge of insolvency, with only R1.2bn of liquidity reserves expected to be in hand at the end of the November.
Its latest report to its shareholder representative, Public Enterprises Minister Lynne Brown, estimated that the utility would have a R5bn negative liquidity position by the end of this month.
In response to a question about the status of its liquidity, Eskom told Fin24 at the beginning of December it was committed to ensuring an improvement of its liquidity levels. It said it would restore “the positive lender and investor sentiment to unlock access to the markets".
The power utility's debt was downgraded by major ratings agencies S&P Global and Moody’s in late November.
Spokesperson Khulu Phasiwe previously said the power utility's liquidity levels remain sufficient. “The levels were subject to the execution of the funding plan until March 2018,” he told Fin24.
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