Eskom set to receive a fast-tracked R59bn in the coming two years | Business | M&G

This is according to a draft of the special appropriations Bill for Eskom, to be announced by Finance Minister Tito Mboweni in Parliament tomorrow, a version of which thehas seen. Although the Bill makes provision for the finance minister to impose conditions that Eskom must meet once part of the money is transferred — the conditions are not specified or outlined in detail.

In the SONA Ramaphosa said that Eskom only had sufficient cash to meet its obligations until the end of October. “For Eskom to default on its loans will cause a cross-default on its remaining debt and would have a huge impact on the already constrained fiscus,” Ramaphosa said. The bill indicates that the finance minister must impose conditions on Eskom after any part of the money is transferred to the utility — the bill does not however outline what these conditions are. Any part of the money that is allocated but not spent by Eskom must be returned to the revenue fund.

Soweto owes eskom billions

Whose milking eskom, I'm quite sure it is not the Guptas

Ridiculous. The number of homes that could've been built with that money. Appalling mismanagement by government

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