The treasury is looking to enforce strict conditions on the power utility, which is viewed as a major risk to the country’s economic outlook
So far, only 28 municipalities have been approved to participate in the programme
Among state-owned entities, the beleaguered power utility is far and away the biggest risk to the public purse
Renewable energy could close the gap between demand and supply, ending load-shedding. But out-of-pocket Eskom must find money to upgrade its transmission infrastructure first
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The treasury has found a new way to throw its weight around. Who will it crush first?
The treasury also hopes to change the behaviour of local government officials and restore financial management best practices
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Data released this week gave credence to the view that South Africa may be headed for another technical recession
The country’s dalliance with privatisation threatens to push up electricity costs, undermining energy security
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The finance minister’s commitment to toeing the line may send positive signals to ratings agencies, but at what cost?
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However, the treasury still expects the country to achieve a main budget surplus from this year onwards
The debt relief amounts to almost as much as the power utility has received in bailouts since 2008
With the country’s economy on the brink, the president assured the nation that ending load-shedding is his government’s top priority
Economy hitting geopolitical tensions, pressure on consumers and load-shedding will likely stick around
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Eskom debt down R5.5bn, but balance sheet pressure is high
Enoch Godongwana is currently seized with preparations for the medium-term budget, which will give details on whether fiscal stability is still possible
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After 14 years of blackouts, the president has promised to expedite load-shedding’s finale
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Eskom’s unbundling is underway, with the transmission unit of the utility set to be operational in 2022 as a wholly owned subsidiary
‘Cost-reflective tariffs’ and resolving municipal debt are needed to turn Eskom around
The chief executive believes climate change is an opportunity for the utility to pivot from coal
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