WATCH | Eskom debt is unsustainable and we've got to step in, says finance minister Godongwana

Finance minister Enoch Godongwana says Eskom's debt is unsustainable and the National Treasury has to step in.

He was speaking on the sidelines of the ANC's sixth policy conference. During President Cyril Ramaphosa's address on solving SA's energy crisis, he said the Treasury was working to finalise a sustainable solution to Eskom's R400bn debt. “People are saying it may well be that the problem with Eskom is management. I suspect that the analysis is correct,” said Godongwana.

“We are in an environment where, from a financial perspective, Eskom's debt is unsustainable. Being unsustainable, we've got to find a way in stepping in as the fiscus.Godongwana also weighed in on calls for a“I do not think it is a solution for the young people who are unemployed. We've got to design instruments to deal with young people who are unemployed in a manner to assist them to be gainfully employed.

Source: News Formal (newsformal.com)

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