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Finance Minister Enoch Godongwana. (Photo: David Harrison)
2023 BUDGET

Budget brings more money for police and National Prosecuting Authority

Fresh billions will allow the appointment of 15 000 police trainees and prosecutors with skill in bringing financial crimes to court

  • Emsie Ferreira
2 min read
Eskom told the Mail & Guardian it had only received a R9 billion World Bank loan to decommission its coal-fired Komati power station. (Waldo Swiegers/Bloomberg via Getty Images)
2023 BUDGET

Eskom to get a R254 billion lifeline

The debt relief amounts to almost as much as the power utility has received in bailouts since 2008

  • Sarah Smit
4 min read
Since Finance Minister Enoch Godongwana announced last year that the government would relieve Eskom of a large portion of its debt, markets have been on the edge of their seats waiting for more detail. (Getty)
ABSA CORPORATE AND INVESTMENT BANKING

With little detail about Eskom’s debt plan expected, budget could disappoint

The utility’s R400 billion debt has fed into the country’s 15-year energy crisis and low growth potential, which has been identified as a key credit weakness

  • Sarah Smit
7 min read