Eskom will receive the much-needed respite as the National Treasury takes R254 billion of Eskom’s debt to the sovereign balance sheet.
These advances will cover capital and interest payments as they fall due and may only be used for that purpose. The company to focus on maintenance of the existing generation fleet to improve the availability of electricity.And that Eskom implements the recommendations from an international consortium appointed by the National Treasury to review all the utility’s coal-fired power stations and advise on operational improvements.Eskom has buckled under the pressure of a growing population and economy as well as its old coal-fired power stations that have not been maintained properly.
Earning double salary when I find out your company never features in any design innovation or never participated in any Exhibition that I watch last year 2023 tell lies.
MYANC the theft is complete! South Africans have to pay the price as you use government coffers to deal with the mess PresJGZuma and his Gupta cronies unleashed!
I guess the restriction will be really tight …. just like SAA’s … definitely no more bailouts (before the next one).
Mashonisa ke life
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