R69 Billion Set Aside Over Three Years To Reconfigure Eskom

The Finance Minister's Medium Term Budget Policy Statement makes a frank assessment of the trouble the country is in. PICTURE: GCIS

The cash-strapped power utility will get R69 billion over the next three years but under strict conditions. Finance Minister Tito Mboweni has unveiled plans to help Eskom restructure, deal with its debt and do urgent […]

Mboweni Under Pressure To Reassure Investors

Dondo Mogajane, director general of the South African National Treasury, left, walks with Tito Mboweni, South Africa's finance minister, center, as he heads to parliament to present his mid-term budget in Cape Town, South Africa, on Wednesday, Oct. 24, 2018. Mboweni’s appointment as South Africa’s finance minister two weeks ago appeased investors, but his first mid-term budget showed the nation’s debt burden is heavier than they previously thought. PICTURE: Waldo Swiegers/Bloomberg

Net debt currently stands at around 2.28 trillion rand ($160 billion), or 48.6 percent of GDP, according to the treasury. South Africa’s Finance Minister Tito Mboweni faces a balancing act ahead of his maiden budget speech on […]

Eskom And Government: A Tango Of Order, Disorder, Discord And Corruption…

Eskom is in debt to the tune of more than R420 billion and has applied to the regulator for tariff increases totalling 56% over the next three years. PICTURE: BusinessLIVE

Multiple teams that blur lines of accountability in a time of crisis tend to deepen the crisis, writes LUKHONA MNGUNI When pundits were asked to predict the key areas that President Cyril Ramaphosa would focus […]