Finance minister Enoch Godongwana faces the task of incorporating a credible debt-relief plan for Eskom in the national budget while stabilising government finances.
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President Cyril Ramaphosa will deliver his seventh state of the nation address on Thursday at a parlous juncture in his tenure.
High hopes that government will soon lay out plans to take on a majority of Eskom’s debt have lifted the company’s bonds.
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.