Budget2019: Eskom CEO says R69bn lifeline will help keep lights on
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LIVE: Budget will place SA on a bold new path - MboweniFinance Minister Tito Mboweni is delivering his maiden budget speech and his biggest task will be to give assurance to not only the investor community and the markets, but to South Africans.
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Mboweni drops R69bn Eskom bailout bombFinance Minister Tito Mboweni drops R69bn Eskom bailout bomb in his Budget2019, writes JustinBrownSA
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BUDGET2019: Hard reality check for Eskom, public wage bill and no love for taxpayersIn a hard-hitting Budget that bluntly put a daily R1-billion price tag on borrowing costs, Finance Minister Tito Mboweni pulled off a political juggling act “in the interest of our people and our country, and not in the narrow objectives of any political party”. Mboweni’s maiden R1.83-trillion Budget, delivered with a little help from three Bible verses and Charles Dickens, was a hard reality check to Eskom, which got left with all its debts to pay itself. The role of the public sector trade unions in reducing the public wage bill emerged as key, as well as taxpayers - who get no notable relief.
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#Budget2019: Eskom a drain as SA economic, budget outlook worsens | IOL Business ReportMboweni noted that funding requests from Eskom, SAA, SABC, Denel and other financially challenged state-owned enterprises had increased.
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Eskom, Tough Talk & Gardening: All you need to know about #Budget2019Finance Minister Tito Mboweni delivered a tough maiden budget in the National Assembly, complete with a prickly plant.
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#Budget2019: Government to support Eskom with R23bn a year | IOL Business ReportSouth Africa's Finance Minister, Tito Mboweni, in his first Budget Speech announced that Eskom
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#Budget2019: Mboweni needs to be manful when it comes to Eskom lifeline | IOL Business ReportFinance Minister Tito Mboweni has to throw a lifeline to embattled national power utility Eskom before it goes bankrupt in April, say economists.
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#Budget2019: Moody’s likely to downgrade SA if govt takes on Eskom debt - PwCMoody’s is likely to downgrade SA’s sovereign credit rating to junk in 2019 'unless something significant happens', with tax collection below projections and a possible Eskom bailout on the cards, says PricewaterhouseCoopers.
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Eskom unbundling to take place by midyear – MboweniA transmission company will be set up with its own independent board.
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