Help wanted: Eskom seeks advice on how to spend financial aid

fin24.com

- fin24.com | 3 months ago

The state power utility was in February allocated a R69bn support package over three years by Treasury.

Over ten years the support will amount to R230bn. In his State of the Nation address in June, meanwhile, President Cyril Ramaphosa announced that due to the utility's strained financial position, government would soon allocate it a "significant portion" of the R230bn.

  Finance Minister Tito Mboweni in his budget vote on Thursday said he plans to introduce a special spending bill in Parliament later in July to help Eskom.

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