The government will lay the groundwork this week for a hefty bailout for Eskom that could nonetheless leave it needing to borrow more — which could trigger further credit rating downgrades.
A special appropriation bill — to be tabled in parliament this week — will enable the finance minister to allocate R230bn to Eskom. But economists say this will fall far short of the power utility's requirements...
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.