Midterm budget | No money yet for Eskom – Minister Godongwana | Citypress

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Government is still seized with figuring out how its takeover of Eskom’s debt should look after much speculation about details of the debt relief that is expected to be provided to the ailing power utility

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Details of the rescue plan will now be announced when the country’s main budget is announced in February 2023.Its not easy to restructure, but we can’t not attend to Eskom’s debt. We have to make sure that it doesn’t come back to us, and to this there has be conditions.. We’ve got to do it in a manner that has long-term benefits.

Denel will receive a further R3.4 billion if it meets the set conditions to conclude its turnaround plan.

 

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𝐈’𝐦 𝐩𝐫𝐨𝐮𝐝 𝐭𝐨 𝐬𝐚𝐲 𝐚𝐦 𝐚𝐦𝐨𝐧𝐠 𝐭𝐡𝐞 𝐩𝐞𝐨𝐩𝐥𝐞 𝐛𝐞𝐧𝐞𝐟𝐢𝐭𝐢𝐧𝐠 𝐟𝐫𝐨𝐦 𝐭𝐫𝐚𝐝𝐢𝐧𝐠, 𝐈 𝐣𝐮𝐬𝐭 𝐠𝐨𝐭 𝐚𝐧𝐨𝐭𝐡𝐞𝐫 profit 𝐟𝐫𝐨𝐦 𝐚𝐧 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐨𝐟 $500 𝐚𝐥𝐥 𝐭𝐡𝐚𝐧𝐤𝐬 𝐭𝐨 Thomas__Lawson

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