South Africa will exempt Eskom from having to report irregular spending to avoid harming the company’s credit rating.
Browsing: Enoch Godongwana
Government on Wednesday took the wraps off a tax incentive scheme aimed at encouraging homeowners to go solar. This is everything you need to know.
Government has introduced a R9-billion tax relief programme to reduce the impact of load shedding and support South Africa’s clean energy transition.
Eskom will receive R254-billion in debt relief over the next three years, provided it partially privatises the country’s electricity transmission network and coal-fired power plants.
Government plans to take on more than half of Eskom’s debt burden over the next three years to help strengthen its balance sheet, operations and enable it to restructure.
Investors in Eskom are on high alert for finance minister Enoch Godongwana’s plan to reorganise its mountain of debt.
Finance minister Enoch Godongwana faces the task of incorporating a credible debt-relief plan for Eskom in the national budget while stabilising government finances.
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.