Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.The government has proposed that allocations to Eskom through the debt relief programme be cut by R2 billion, citing the power utility’s failure to dispose of its finance company.
Eskom’s debt relief conditions stipulate that the utility dispose of its finance company by 31 March this year. Eskom’s debt, for example, has kept the utility from investing in its ageing coal-fired plants, precipitating a 15-year energy crisis. “This is to ensure that Transnet implements the short-term initiatives in the recovery plan and aligns it with the cabinet-approved roadmap for freight logistics,” the document reads.
Speaking at a media briefing ahead of his speech, Godongwana said: “We are engaging with Transnet to do the right things, so that they are able to sustain themselves.”
Source: Loan Digest (loandigest.net)
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