Menar restates national-interest coal offer to Eskom

Resources holding company Menar has reiterated its national-interest-serving coal offer to troubled State-owned power utility Eskom, which last week warned that its record R20-billion loss of 2018/19 would be repeated in 2019/20. Eskom’s debt was more than R454-billion at the end of September and interest payments are expected to balloon in the current financial year to R38-billion, making them the utility’s second-largest cost item after coal procurement, which is expected to be R55-billion.