BUDGET 2023: Government to take on R254 billion of Eskom’s debt
By Zuko Komisa The government will take on the R254 billion debt of Eskom. Finance Minister Enoch Godongwana has provided information on the comprehensive Eskom debt reduction strategy. Municipalities owe R56.3 billion to Eskom. Eskom will, in turn, offer "incentivised relief," according to Godongwana, to municipalities whose debt is unmanageable. "We are proposing a total debt-relief arrangement for Eskom of R 254 billion," "This consists of two components. One is […]