High hopes that government will soon lay out plans to take on a majority of Eskom’s debt have lifted the company’s bonds.
Browsing: Enoch Godongwana
South Africa has a plan to improve energy provision that will end the need for any power cuts within the next 12-18 months, Enoch Godongwana said.
Government will take on a portion of Eskom’s debt in a staggered manner to avoid a spike in the country’s debt-to-GDP ratio.
The South African Reserve Bank said there had been no impact from a reported breach of its systems four months ago.
President Cyril Ramaphosa will need to exercise leadership of the highest order to push through the reforms he announced in October.
S&P Global Ratings expects government to fulfil its commitments to investors in Eskom as it finalises a plan to tackle the utility’s massive debt burden.
Finance minister Enoch Godongwana expects MPs to pass a new procurement law next year.
Government will impose below-inflation wage increases on its 1.3 million workers, setting it on a collision course with trade unions.
Government will take over as much as two-thirds of Eskom’s R400-billion debt mountain, finance minister Enoch Godongwana said.
Minister in the presidency Mondli Gungubele said government is focused on adding as much new generation capacity to the grid as possible, as quickly as possible.