Ramaphosa meets with Eskom to discuss reforms ahead of Sona
The meeting raises hope that the president will make an announcement about the financially crippled utility in his state of the nation address
18 June 2019 - 16:31
President Cyril Ramaphosa met with the Eskom board in Cape Town on Tuesday to discuss reforms, raising expectations that there will be a major announcement on the power utility in his state of the nation address (Sona) later this week.
Eskom, which is in crisis, financially unsustainable and unable to service its debt from its revenue, is in a classic debt trap: borrowing to finance interest payments. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.