BUDGET IN A NUTSHELL: Debt relief for Eskom, but with conditions
The debt relief is to be used to restructure the utility and ensure it can make the necessary investments to lessen the crippling load-shedding
22 February 2023 - 14:03
UPDATED 22 February 2023 - 14:28
The government will provide Eskom with debt relief of R254bn over the next three years and will take over up to R70bn of the utility’s debt portfolio in 2025/2026.
One of the conditions imposed by the Treasury on the relief is that Eskom concessions all its coal-fired power stations after they have been resuscitated as recommended by an international consortium...
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