Godongwana rules out more state funds for Eskom | Business

"From where I sit, the utility does not require any further cash injection," Godongwana said in an interview at the International Monetary Fund’s Spring Meetings in Washington on Friday.

The plan, which enables the utility to undertake critical maintenance needed to secure electricity supply, hinges on it meeting pre-determined performance targets that are meant to wean Eskom off its reliance on public finances. 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.

_Business ITS GETTING RIDICULOUS THEY JUST WANT TO FILL THEIR POCKETS AND FUCK THE REST JUST SUFFER WITH STAGE 6 SOME PLACES STAGE10 WTF

_Business MYANC is a failed state. We need to move to early elections now Our_DA BuildOneSA Action4SA

_Business SA cannot control it's debt, when the commodity cycle dries up, revenue collection well flatline and primary deficit will widen once again.

_Business Perhaps that's because cadres want to rather have private public partnerships that look to generate additional electricity for the grid. It's. These very partnerships that allow for extraction of funds for the cadres.

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Eskom is not getting any more government bailouts — Finance ministerGodongwana’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. Kgosientsho_R we are doomed 😬 Hee tito_mboweni I still remember ka SAA. This winter neh, it's gonna be rough Until they need one. That's the point of the bailout
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