Ramaphosa expected to make pronouncements on Eskom in Sona reply

Eskom will need help from government as it struggles to keep its finances afloat.

The utility is not making enough money to cover its operating and debt service costs and is technically insolvent.

The country is currently experiencing rolling blackouts as stage 3 load shedding continues.

Eyewitness News (EWN) reporter Lindsay Dentlinger was in Parliament when the Portfolio Committee on Public Enterprises heard from Minister Pravin Gordhan.

Dentlinger says President Cyril Ramaphosa and Finance Minister Tito Mboweni are set to make some pronouncements on Eskom's future, in the coming weeks.

It will probably need some kind of help from government in the next few weeks, the president has already alluded to that. The finance minister is expected to make some announcement in that regard next week.

Lindsay Dentlinger, Reporter - Eyewitness News

Pravin Gordhan saying today that Cyril Ramaphosa will tomorrow during his reply to the State of the Nation Address, again, make some pronouncements on Eskom because he is really concerned about the effects load shedding is having on attracting investment to the country.

Lindsay Dentlinger, Reporter - Eyewitness News

Gordhan says talks with the unions have already begun.

Click on the link below to hear the full report...


This article first appeared on 702 : Ramaphosa expected to make pronouncements on Eskom in Sona reply


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