Eskom appropriation bill to be decided | IOL Business Report

JOHANNESBURG - Legislators will today have to walk a fiscal tightrope when they decide on the special Eskom appropriation bill aimed to release nearly R60 billion over the next two years to keep the embattled power utility afloat.

The International Institute of Finance yesterday warned that support for Eskom will balloon the budget deficit closer to 6 percent. “The structure of Eskom support will determine the extent of the deterioration of government deficit and debt.” In February, National Treasury said that it had allocated R23bn a year over the next decade to shore up Eskom’s books but Eskom said the allocation would not be enough for it to meet its debt obligations.

“Bail outs of this magnitude cannot be repeated, and must be synchronized with long term structural solutions.”

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Peter Moyo still eyes return despite breakdown in relationship | IOL Business ReportAxed Old Mutual chief executive Peter Moyo believes he still has a lot to offer to the JSE-listed insurer. Correct the name of Old Mutual Council. Terrible
Herkunft: IOL - 🏆 46. / 51 Weiterlesen »

Eskom set to receive a fast-tracked R59bn in the coming two years | Business | M&GRidiculous. The number of homes that could've been built with that money. Appalling mismanagement by government Whose milking eskom, I'm quite sure it is not the Guptas Soweto owes eskom billions
Herkunft: mailandguardian - 🏆 2. / 92 Weiterlesen »