Public enterprises minister says government looking into additional mechanisms to help utility
04 April 2019 - 05:10
byCarol Paton and Lisa Steyn
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Eskom probe update: Public enterprises minister Pravin Gordhan, Eskom CEO Phakamani Hadebe and chair Jabu Mabuza brief the media on the work of the Eskom technical review team on Wednesday. Gordhan appointed the team in March to investigate operational issues. Picture: THAPELO MOREBUDI
Eskom’s financial crisis is far bigger than previously thought, with a R250bn anticipated shortfall over the next three years, over and above the R69bn injection announced in February’s budget, threatening its sustainability.
“We need R250bn. I’m not going to venture into how we are going to get it, but that is what we need,” said Eskom chair Jabu Mabuza in an interview after a briefing held at Lethabo power station in Mpumalanga on Wednesday.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
Eskom’s R250bn hole threatens utility’s survival
Public enterprises minister says government looking into additional mechanisms to help utility
Eskom’s financial crisis is far bigger than previously thought, with a R250bn anticipated shortfall over the next three years, over and above the R69bn injection announced in February’s budget, threatening its sustainability.
“We need R250bn. I’m not going to venture into how we are going to get it, but that is what we need,” said Eskom chair Jabu Mabuza in an interview after a briefing held at Lethabo power station in Mpumalanga on Wednesday.
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