20 June 2019 - 23:45Huge boost: During his state of the nation address on Thursday, President Cyril Ramaphosa said Eskom will receive R230bn from government over the next 10 years. Picture: ESA ALEXANDER
In an ambitious address that promised both expansive public spending as well as a commitment to prudent management of public finances, President Cyril Ramaphosa outlined an extensive programme for the next five years at the opening of parliament on Thursday evening. In the biggest announcement of the night, Ramaphosa said Eskom would receive a portion of the R230bn in support from government, which was promised at the time of the budget sooner than had been anticipated. This is to alleviate its financial crisis and enable it to finalise its annual financial statements in the next few weeks. Without additional support it is not a going concern.
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Eskom to get large portion of R230bn bailout sooner, Cyril Ramaphosa saysThe president says parliament will pass a special appropriation bill ‘on an urgent basis’ to enable a significant portion of this to be allocated ‘in the early years’
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Bill to be tabled to rescue Eskom, Ramaphosa saysIn a bid to shore up the finances of ailing power utility Eskom, President Cyril Ramaphosa announced on Thursday the tabling of a special appropriations bill to front load R230-billion in funding earmarked for Eskom in the coming decade.SONA2019
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Sona: Eskom 'too vital to fail', gets another massive bailoutSONA2019 'We will therefore table a Special Appropriation Bill on an urgent basis to allocate a significant portion of the R230 billion fiscal support that Eskom will require over the next 10 years in the early years.' Sensible, go further n as much as possible recoup the stolen money n stop the ongoing corruption then we are on our way
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Business Maverick: Ramaphosa says Eskom too vital to failIn his first state of the nation address since leading his party to victory in a May 8 election, Ramaphosa said Eskom's financial position remains a matter of grave concern. And YESS he did so much to save eskom. I very well remember this article of almost 5 years ago. Give him another 5 and he'll fixit. He's very very hands on, on his bankaccounts, house in Fresnaye and his business. For the rest ? F the poor and the entire country.
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High court tells Trillian: ‘Pay back the Eskom money’ | Business | M&G
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