'Government has no intention to privatise Eskom' - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

[File image] A sign outside Eskom Megawatt Park.

This follows calls by the Democratic Alliance for the privatisation of the power utility due to the rolling blackouts. Eskom has been implementing Stage 6 rolling blackouts since Sunday. Finance Minister, Enoch Godongwana, briefed Parliament’s joint committees on finance and appropriations. Godongwana faced tough questions about the R254 billion debt relief that has been given to Eskom in this year’s budget.

Deputy Minister David Masondo says, “There is no intention to privatise the strategic assets of Eskom. Eskom will still play a critical role in the generation of energy. It’s a question …. that it’s just that we are not only going to rely on Eskom to generate energy for the economy.”Ministry of Finance says government has no intention to privatise Eskom:

Are the ministers still eating the donation from America one wonders.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BUDGET 2023: Sugar industry thrown a sweetener, but sobering news for sin taxesThe Finance Ministry hikes taxes on tobacco and alcohol, while the sugar sector catches a break. Just needs to be clarified & GeorginaCrouth vaping is significantly less harmful than smoking. ENDS=Vaping The vaping bit is a bit questionable but ok.
Source: dailymaverick - 🏆 3. / 84 Read more »

Big Eskom move needed in the Budget - even R200bn in debt relief not enough, warns investor | BusinessSpecialist asset manager Futuregrowth, has warned that the debt relief for Eskom that is expected in Wednesday's budget must be fair to all types of creditors and big enough – well above 50% – to restore the company to sustainability. | News24_Business _Business I still dont get it why is this Eskom top Management still getting those fat cheque monthend ...... coz what is that for _Business Shifting the debt from eskom to govt is an accounting shell game. _Business They must commit at least a trillion to Eskom
Source: News24 - 🏆 4. / 80 Read more »

budget.finance Is for SaleBudget 2023 Finance Minister Enoch Godongwana is tabling the National Budget for 2023. Here is the latest news and analysis on the Minister
Source: dailymaverick - 🏆 3. / 84 Read more »