Eskom 'is not on the brink of financial collapse,' says Gordhan | Fin24
. He was referring to the process in which billions of rand have been looted from government coffers through the use of political connections to secure appointments of allies to key state posts and win contracts. ''We understand what changes need to be made.''to be paid over three years.
Of that, R23bn is pledged for the current financial year. Based on the 2% limit of the appropriated national budget, only R17.7bn can be transferred. The remaining balance will have to be subjected to the normal appropriation process when parliament is constituted after the May 8 election.Read more about:
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