Eskom is not getting any more government bailouts — Finance minister

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Godongwana’s comments come after newly appointed electricity minister Kgosientsho Ramokgopa called for more fiscal support for the company that’s survived on government bailouts since 2008, when it started imposing rolling blackouts that are hobbling Africa’s most industrialised economy.

Eskom has subjected the country to blackouts for all but one 24-hour cycle this year as its poorly maintained coal-fired fleet struggles to meet demand.for Eskom, while affirming the National Treasury’s commitment to reining in government debt and reducing budget deficits.

Straying from that strategy would test the credibility of South Africa’s fiscal framework and budget processes in a country with a full house of junk credit ratings.

 

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This loadshedding and stages thing is a scam. How do they know there not enough power in advance? And how they know there will be breakdowns in advance? They think we are idiots. There is no electricity crisis. This is all caused by anc theft and corruption..

I just can't stand these thieves anymore! 🤮🤮🤮

Another top hat

The best for the South African privatized Eskom. The staff is all anc cadres, get rid them. With couple of months no load shedding.

Privatisation incoming

Until they need one. That's the point of the bailout

Hee tito_mboweni I still remember ka SAA. This winter neh, it's gonna be rough

Kgosientsho_R we are doomed 😬

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