File: While incumbent minister Tito Mboweni could retain his position, other potential candidates are being mooted.Editor's note: Earlier we incorrectly reported that Eskom will receive a R69-billion bailout. The figure is R59-billion.
Finance Minister Tito Mboweni tabled a special appropriation bill in Parliament on Tuesday to help the ailing parastatal, but he said the company's business model had to change.A restructuring officer for Eskom could also be announced later on Tuesday.READ:“Without major changes to Eskom's business model and financial assistance from government, the company will be unable to meet its obligations for the 2019/20 year.
Our government likes to keep on bailing out these SOE thugs on the expense of our beloved country 🇿🇦🇿🇦🇿🇦
GodBlessSouthAfrica no steps forward and 10 steps backwards
Tito you and Mr Dondo in National Treasury are doing it wrong!!!
Some more BlackExcellence f*cking up this country!
Next thing debts be neck high.
Brought to you by YourANC
I hope the Sbarism is going straight to the bank smiling. Equally the US based IPPs companies will benefit too and eNCA as usual will report positively about this looting of a special type. Sies Niya nyonyisa, Boys and Girls of WMC
From?
Bonuses coming up again.
Eskom is like a good stripper, always getting money.
Surely we could have built houses with that money. Come on 😮
Another taxpayers' money going down the drain
Pilchard
I wonder if my company can bail me out I am in debt
Hahahahaha Rangoane Tito can’t be happy about this 😫😫😫
If Eskom is not bailed out how are we going to fix operational issues relating to eskim? Fact he has no choice we need eskom to run smoothly because our economy depends on it.
Eskom_SA please come n fix da mess here in Ivory Park..
That’s like paying fees for a student who doesn’t perform at school, forever failing and carrying modules, doing first year module while doing third year
Don’t tell me you gave them the power ball jackpot 🎰
Without a stable electricity supply we do not have an economy. What do people want really.
WHY is the ANC still in position of power?
But didn't tito_mboweni himself says, 'Pouring money into Eskom is like pouring water into a sieve'? R59 BILLION now? Really Tito Maybe we should look into your fitness to hold office or look into lucky star pilchards' effects on the brain?
That's the ANC for you
Who's next? SABC, SAA, DENEL... It doesn't end hey
BLIKSEM !!!! bailout after looting billions !!! Damm the ANC has been handed a very GOOD DEAL after Apartheid !!!! After 25 years of corruption the legacy after Apartheid still CARRIES SA !!!!
flysaa you're being left behind, when are you going to ask for money as well? SABCNewsOnline has asked as well.
Well done ANC. Another top decision
De money dat was suppose 2b allocated to housing, it is fixing Zuma's mess, we taking 2 forward n 5 steps backwards
From who, what's the catch?
Aowa CyrilRamaphosa bailout every year? No man...
What about sabc
Cadres are happy. Let's eat macabane
That’s 59,000,000,000,000 And 40,000 people who you and I support, many of whom don’t even pitch for work for weeks at a time How does it feel? Vaseline anyone Eskom_SA , tito_mboweni
Eskom uphume kithi ke eSoweto
And we still can’t afford free education?
The true Neverending story
Another hike in electricity tariffs coming our way
Eskom doesn't have money problems they have management problems.
Mxm we still don't have Electricity Eskom_SA in Ivory Park for a Month.
How many more bailouts are required before the wake up and realize they are flogging a dead horse 😠😠😠😠
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tito Mboweni gives Eskom R59bn lifeline, on top of February's R69bnFinance minister Tito Mboweni has tabled a special appropriation bill to provide an additional R59bn to Eskom to help the debt-ridden power utility meet its financial obligations in the current and next financial years. The CABAL is going to loot ESKOM professional. It's called the 'pissing away of kush maaani' 😭
Source: SundayTimesZA - 🏆 47. / 51 Read more »
Tito Mboweni confirms R59bn lifeline for floundering EskomFinance minister Tito Mboweni has tabled a special appropriation bill to provide an additional R59bn to Eskom to help the debt-ridden power utility meet its financial obligations in the current and next financial years. Good times for Monopoly Capital
Source: TimesLIVE - 🏆 28. / 59 Read more »
Eskom to get extra R59bn from the governmentThe funds will come from the Revenue Fund, and the finance minister may impose conditions to be met by Eskom before any part of the amount is transferred
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: mailandguardian - 🏆 2. / 92 Read more »
Source: IOL - 🏆 46. / 51 Read more »
Source: BDliveSA - 🏆 12. / 63 Read more »