Eskom bailout is a blank cheque, opposition MPs say
National Assembly approves allocation of R59bn to help power utility meet its financial obligations
22 October 2019 - 19:06
The National Assembly on Tuesday adopted a bill which allocates cash-strapped electricity utility Eskom R59bn over the next two years — R26bn in 2019 and R33bn in 2020. But there was no unanimity on the issue among political parties.
Opposition parties including the DA, EFF, Freedom Front Plus, ACDP and UDM did not support the appropriation, which is in addition to the R23bn allocated to Eskom in the February budget for this year and another R23bn for next year. An undertaking was given then that Eskom would receive R23bn each year over 10 years. ..
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