Budget 1
latest news & developments
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
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
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