Treasury wants Eskom to get its house in order and fix ailing power stations with its own money.
It briefed Parliament on Eskom’s Debt Relief Bill, reiterating that the power utility may not borrow for the next three years.
The department says Eskom won’t be receiving any more financial support from the government and it must fund all its expenditures from tariffs raised from customers.
“We are very comfortable with the decision by National Treasury,” said Martin Buys, acting Eskom CFO.
“It will actually allow us the opportunity to do more long-term planning because we can now more accurately predict how much money we’ll have available.”
Source: eNCA
In other news – Makhadzi opens up about being kicked out of her friend’s house
Limpopo star, Makhadzi celebrates rather an unusual anniversary of fifteen years after being kicked out from her friend’s house under false pretenses. The obviously heartbroken Makhadzi relays how she was ostracized and made to stand outside the house while the family had dinner.
Makhadzi has social media on standstill following her fifteen-year anniversary after she was kicked out of her friend’s house. Learn More