Browsing Tag
Eskom’s
2 posts
Eskom’s government support dries up
JOHANNESBURG - Treasury wants Eskom to get its house in order and fix ailing power stations with its own money. It briefed Parliament on Eskom's Debt Relief Bill, reiterating that the power utility may not borrow for the next three years. READ: Eskom appoints new Generation head The department says Eskom won't be receiving any more financial
Will clearing Eskom’s debt be a solution?
JOHANNESBURG - This week's budget speech should clarify how government plans to deal with Eskom's burgeoning debt. National Treasury has pledged to take over as much as two-thirds of the SOEs R400-billion debt. READ: Cosatu calls on Finance Minister to help relieve Eskom debt burden Economists widely agree that economic growth and job creation are at the