Lynne Brown will miss deadline for new Eskom board
The November 30 deadline was a condition banks set to roll over loans, but the minister’s office says she will make the announcement after the postponed Cabinet meeting
29 November 2017 - 08:30
Public Enterprises Minister Lynne Brown will miss Thursday’s deadline to put a new Eskom board in place, but her office says she is certain to make an announcement after next week’s Cabinet meeting. Finance Minister Malusi Gigaba gave an undertaking in his "14 confidence-boosting measures", announced in July, that Eskom would have a new board in place by November 30. At the tabling of the medium-term budget policy statement, Treasury deputy director-general Anthony Julies said local banks had made the November 30 deadline for a new board a condition for rolling over existing loans.
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