ESKOM
Lightening Eskom’s load
The government will assume R254bn of the power utility’s debt over the next few years — but the move comes with strict conditions, and some are still doubtful that it will be enough to mend the crippled power utility
23 February 2023 - 08:19
The National Treasury’s plan to remove a large chunk of debt from Eskom’s balance sheet comes with “strict” conditions — including one that will open the door for private companies to operate and maintain power plants that can still be rejuvenated.
Finance minister Enoch Godongwana said the government will take over R254bn worth of Eskom debt obligations to strengthen the power utility’s financial position and will free funding for plant maintenance and investments in power lines...
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