Budget 2022 | Treasury puts struggling SOEs on notice

In a briefing to journalists shortly before delivering his budget speech, finance minister Enoch Godongwana said Treasury’s asset liability management unit had concluded that there was some debt that Eskom will not be able to repay which would require the state to intervene.

Minister of finance Enoch Godongwana delivered his first budget speech in parliament today. In a press conference held before the event, he said state owned entities would have to justify requests for funding before treasury would make money available. The financial position of major state-owned companies remains under pressure, with Treasury warning that those remaining unsustainable might have to be sold.

Source: Loan Digest (loandigest.net)

It's a mistake... now they are going to give themselves salary increases, spend like crazy and at the end... bailout. Bailout. Bailout. Major mistake!

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