INSIDE POLITICS TEAM|
FINANCE minister Enoch Godongwana said on Wednesday that the National Treasury was working on a sustainable solution to deal with Eskom’s debt in a manner that is equitable and fair to all stakeholders.
Addressing MPs in Parliament, Godongwana said government was aware that Eskom’s debt situation was a concern for Eskom creditors and investors.
The finance minister said that Eskom will receive R88-billion in government support until 2025/26, and that a comprehensive debt solution was still being explored for the embattled power utility.
The support comes in addition to the R136-billion already provided or committed to enable the utility to pay back its debt, which currently stands at close to R400-billion.
Godongwana said he had been advised that out of that debt pile roughly R135 billion could be considered “distressed”.
Eskom debt has been named by rating agencies as the biggest threat to the South African economy.
You’ve reached your free article limit
Subscribe to enjoy unlimited access to trusted journalism. Cancel anytime.
Subscribe nowNeed help? molokom@insidepolitic.co.za
