Eskom cannot survive without state support, says Jabu Mabuza
In a briefing to MPs, he noted that the utility’s debt is approaching R450bn and could not be serviced by revenue alone
10 September 2019 - 12:19
The only short-term option to salvage Eskom, whose debt has reached R450bn, is government support, the state-owned power utility’s chair, Jabu Mabuza, told MPs on Tuesday.
Eskom executives led by public enterprises minister Pravin Gordhan and Mabuza briefed a joint meeting of the appropriations committee, the public enterprises committee and the select committee on appropriations on the Special Appropriation Bill, which allocates R59bn to Eskom over the next two years — R26bn in 201920/20 and R33bn in 2020/2021...
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.