JOHANNESBURG – The Department of Public Enterprises has denied claims that Eskom is on the verge of financial ruin. This despite the power utility having to turn to government to secure a R17.
6 billion lifeline after the China Development Bank loan failed to come through.Barely a month since Eskom suspended stage four loading shedding due to capacity issues, the parastatal seems to be facing another challenge.
The loan it secured from the China Development Bank failed to come through leaving the power utility at risk.“The intervention now by Minister [Tito Mboweni] is to ensure that Eskom has sufficient liquidity on its balance sheet and capital to carry the utility through the month of May and hopefully into June so that so we don’t have any problems with its status as a sovereign company,” he said.
Lackay said they were expecting the Chinese would cover some of the operational costs and government had also promised over R63 billion over the next three years to stabilise the power utility.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Public involvement and a different perspective on Eskom can help fix energy problemsWith renewable energy an increasingly viable and profitable business, people and communities need the opportunity to invest in independent power producers, writes Xhanti Payi
Read more »
Zondo dismisses Moyane's bid to cross-examine GordhanState capture commission of inquiry chairperson deputy Chief Justice Raymond Zondo has dismissed former South African Revenue Service (Sars) Commissioner Tom Moyane's application to cross-examine Public Enterprises Minister Pravin Gordhan at the inquiry.
Read more »
Moyane denied an opportunity to grill GordhanErstwhile Sars commissioner Tom Moyane has been denied leave to cross-examine Public Enterprises Minister Pravin Gordhan before the Zondo commission of inquiry into state capture.
Read more »
This is why Moyane’s application to cross-examine Gordhan was dismissedDeputy Chief Justice Raymond Zondo dismissed Tom Moyane’s application to cross-examine Public Enterprises Minister Pravin Gordhan.
Read more »
NEWS ANALYSIS: Public protector spats reach boiling pointBusisiwe Mkhwebane’s stand-offs with public enterprises minister Pravin Gordhan and state security minister Dipuo Letsatsi-Duba could end up in court
Read more »
Zondo dismisses Moyane's application to grill GordhanDeputy Chief Justice Raymond Zondo dismissed Tom Moyane's application to cross-examine Public Enterprises Minister Pravin Gordhan on Tuesday.
Read more »
Tom Moyane loses bid to cross-examine Pravin Gordhan at state capture inquiryDeputy chief justice Raymond Zondo has denied former Sars boss Tom Moyane leave to cross-examine public enterprises minister Pravin Gordhan at the commission of inquiry into state capture.
Read more »
Tom Moyane loses bid to cross-examine Pravin Gordhan at state capture inquiryDeputy chief justice Raymond Zondo has denied former South African Revenue Service boss Tom Moyane leave to cross-examine public enterprises minister Pravin Gordhan at the commission of inquiry into state capture.
Read more »
#StateCaptureInquiry: Moyane's application to cross-examine Gordhan is dismissed | IOL NewsDeputy chief justice Raymond Zondo has dealt a blow to former Sars commissioner Tom Moyane’s battle with Public Enterprises Minister Pravin Gordhan.
Read more »
Tom Moyane loses bid to cross-examine Pravin Gordhan at state capture inquiryDeputy chief justice Raymond Zondo has denied former South African Revenue Service boss Tom Moyane leave to cross-examine public enterprises minister Pravin Gordhan at the commission of inquiry into state capture.
Read more »