>>84755

“Government to bail out SOEs and ‘take over’ Eskom’s R400B debt”

https://www.thesouthafrican.com/news/government-to-bail-out-eskom-denel-sanral-transnet-soes-26-october-2022/
26-10-2022 16:39

For almost a decade government has been bailing out Eskom and it will now take over the power supplier’s debt and bail out other SOEs.

Finance Minister, Enoch Godongwana has blamed poor leadership and corruption as he announced yet another government bailout for State Owned Entities (SOEs), especially Eskom.

Godongwana delivered his Medium-Term Budget Speech Policy on Wednesday, 26 October.

GOVERNMENT TO BAIL OUT SOES ONCE AGAIN

During his speech, Godongwana said government is proposing to use higher-than-anticipated revenues in the current year to reduce risks from specific SOEs.