The power utility’s debt is reaching levels beyond R450 billion and Mabuza was in Parliament on Tuesday asking government for more money. Eskom CEO and board chairperson Jabu Mabuza said the power utility’s debt levels have reached the ceiling. Eskom’s debt is reaching levels beyond R450 billion and Mabuza was in Parliament on Tuesday asking..
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Bankrupt Eskom pleads for another government bailout as debt climbs beyond R450bn
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Eskom shocked by new R36 billion bill from infamous Kusile unit – Well, isn’t this the last thing that utility and the South African taxpayer needed?
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With Eskom set to receive a R70 billion government bailout over the next few years, they could lose more than half of that amount before they even get going. Another set of spiralling costs have floored the utility, who have been billed R36 billion by contractors working on the Kusile Power Plant. The report –..
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So here we go again:- SAA will receive ‘final’ bailout of R5 billion, says Department of Public Enterprises
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According to the Department of Public Enterprises, this R5 billion bailout will be the final financial hand-out afforded to the ailing national carrier.
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