Mashigo's testimony will follow Eskom board chairperson Jabu Mabuza, who concluded testifying on Monday afternoon.
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#Budget2019: Eskom CEO says R69bn lifeline will help keep lights on | IOL NewsThe R69 billion lifeline thrown to Eskom over the next three years will cover around 70% of Eskom's debt servicing costs, Eskom's CEO said.
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ESKOM: Mboweni confirms Eskom’s R150bn bailout, amortised over a decadeFinance Minister Tito Mboweni on Thursday confirmed that R23-billion annually over the next 10 years had been pencilled in for Eskom — that’s R150-billion amortised over the decade — as Public Enterprises Minister Pravin Gordhan echoed this number a couple of hours later during the parliamentary debate on Eskom. Officially, the Budget had announced support of R23-billion for each of the next three years, with conditions linked to the power utility’s unbundling.
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Mboweni expected to give details on unbundling of Eskom - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Eskom will be at the top of the agenda when Finance Minister Tito Mboweni unpacks his 2019 budget speech on Wednesday. The minister will have to explain to South Africans where and how he will find the money to save Eskom.
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Though the budget made provision for R69-billion in additional funds to Eskom over the next 3 years, Mboweni did not aid the utility with a debt swap, in which the state would have taken an estimated R100-billion of Eskom’s debt onto its own balance sheet.
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Budget 2019: Government cannot spend itself out of a holeNewsletter| Eskom’s debt is the immediate issue that Treasury needs to deal with, but there are few – if any – viable options that wouldn’t hurt our pockets. The recapitalisation of Eskom is expected to come in at a minimum of R100bn, writes Azar Jammine
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Newsdeck: Eskom’s Jabu Mabuza to continue testifying at Zondo commissionEskom board chairperson Jabu Mabuza is expected to continue testifying at the judicial commission of inquiry into state capture led by Deputy Chief Justice Raymond Zondo on Monday.
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Eskom's Jabu Mabuza to continue testifying at Zondo commissionEskom board chairperson Jabu Mabuza is expected to continue testifying at the judicial commission of inquiry into state capture led by Deputy Chief Justice Raymond Zondo.
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