Government is still seized with figuring out how its takeover of Eskom’s debt should look after much speculation about details of the debt relief that is expected to be provided to the ailing power utility
.
Details of the rescue plan will now be announced when the country’s main budget is announced in February 2023.Its not easy to restructure, but we can’t not attend to Eskom’s debt. We have to make sure that it doesn’t come back to us, and to this there has be conditions.. We’ve got to do it in a manner that has long-term benefits.
Denel will receive a further R3.4 billion if it meets the set conditions to conclude its turnaround plan.
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