Finance Minister EnochGodongwana is set to answer key questions investors are asking about SA’s crisis-ridden Eskom when he presents his second MTBPS2022 as the government devises a plan for how to deal with the company’s R413 billion debt. Moneyweb
Finance Minister Enoch Godongwana is set to take up a key question investors are asking about the nation’s crisis-ridden power utility when he presents his second mid-term budget, as the government devises a plan for how to deal with the company’s R413 billion debt. An expected announcement on Wednesday may shed light on a long-awaited transfer of a portion of Eskom’s liabilities to the National Treasury, part of an effort to ensure the struggling utility becomes sustainable.
South Africa is also facing demands for additional funding from state‐owned companies and possible climate-financing loans to transition away from coal. Budget deficit With revenue on course to exceed estimates thanks to booming commodity prices, strong personal income tax collections and higher nominal GDP, the consolidated budget deficit should narrow faster than previously expected. The median estimate of 12 economists is for a shortfall of 5.