The series of cash injections and a planned takeover of a portion of Eskom’s loan portfolio will amount to R495.6 billion in the fiscal year through March 2026, the National Treasury said in response to emailed questions. The figure includes Finance Minister Enoch Godongwana’s R254 billion relief package for Eskom, which was
in February and hinges on the debt-laden company meeting pre-determined performance targets meant to wean it off its reliance on public finances. ruled out any further cash injections for the company that’s struggling to produce enough power to meet demand. That’s despite calls from the newly appointed Electricity Minister Kgosientsho Ramokgopa for more fiscal support to ease outages, known locally as load shedding.
Straying from the latest debt-relief plan would test the credibility of South Africa’s fiscal framework and budget processes in a country with a full house of junk credit ratings. It would also rattle investors who have placed a premium on the currency because of the slow pace of economic reforms, severe power rationing and logistics-network constraints that are eroding the nation’s growth prospects.
_Business And we’re sitting in stage 6 loadshedding.. where’s the money gone
_Business GwedeMantashe1 where is the money ?
_Business Don't ruin a good day today by thinking about a bad yesterday keep moving whit Brandonkaren11 Bitcoin mining investment got my withdrawal safely 👍
_Business All looted by MYANC! VoetsekANC AncIsCorrupt
_Business Insaine, thats like 400k houses that could have been bought and given to the people and really decent homes too...
_Business
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: News24 - 🏆 4. / 80 Read more »