By Johnathan Paoli
The National Council of Provinces (NCOP) has officially approved the Eskom Debt Relief Amendment Bill, marking a critical step in South Africa’s ongoing efforts to restructure and stabilise the beleaguered state-owned power utility.
Presenting the Bill to the NCOP, Chairperson of the Select Committee on Appropriations, Tidimalo Legwase, explained that the adjustment reflected the Treasury’s evolving fiscal approach toward Eskom and aimed to balance support for the utility with increased accountability.
“Firstly, the Bill reduces the direct allocation for 2025/26. Secondly, it converts the entire amount into a loan, which is subject to conditions. Lastly, it introduces an additional allocation for 2028/29,” Legwase said.
The Bill passed with 56 votes in favour and 10 against, with no abstentions.
The amendment forms part of the broader R230 billion Eskom debt relief framework adopted in 2023.
It significantly adjusts the debt support allocated for the 2025/26 financial year, doubling
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