Treasury wants Eskom to return to the capital markets, and soon

The commitment by the government to provide Eskom with R59bn over the next two years will provide certainty to lenders and allow the cash-strapped utility to re-enter the capital markets, Treasury director-general Dondo Mogajane said on Wednesday.

He said with the R59bn allocation announced by finance minister Tito Mboweni in the National Assembly on Tuesday, lenders have been given the certainty that the government is committed to the funding of Eskom. This will establish it as a going concern and allow it to operate as a normal company. Members of the select committee from both the DA and ANC are concerned about the lack of conditions imposed on the R59bn Eskom allocation, but Mogajane said in the interview that this will be catered for in the terms of reference of the chief restructuring officer , which will have the same status as conditions. The terms of reference are being finalised with the department of public enterprises.

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