Image:providing the ailing power utilityThis was one of the major announcements made by finance minister Enoch Godongwana during the tabling of the 2023/2024 budget in parliament on Wednesday.
“Government will finance the arrangement through the R66bn baseline provision announced in the 2019 budget, and R118bn in additional borrowing over the next three years.” “These allocations have failed to stem the collapse of Eskom’s balance sheet and operations. The utility imposes an enormous drain on the economy and its debt stands at an unsustainable R423bn.”
Bazayifumana phi imali?
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BUDGET 2023 | Government takes up massive chunk of Eskom’s debtThe government has absorbed a massive chunk of Eskom’s R423bn debt, providing the ailing power utility with debt relief of R254bn in the next three years. When and how will this money lend to Eskom’s hands? I mean it should be there as in like yesterday… ffs we are in the dark already and economy of the country is getting worse by the day
Source: TimesLIVE - 🏆 28. / 59 Read more »
Source: TheCitizen_News - 🏆 6. / 75 Read more »