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...


Recommended

by NEWSROOM AI
Read More
[LISTEN] SABC board won't divulge details on charges brought against former COO

[LISTEN] SABC board won't divulge details on charges brought against former COO

Chris Maroleng has been axed as the public broadcaster's COO following the findings of an independent disciplinary inquiry.

#WorldBookDay: Kidz2Kidz helps children discover the pleasure of reading

#WorldBookDay: Kidz2Kidz helps children discover the pleasure of reading

Organsiation has launched an initiative called 'Storyweavers – a literacy project with a difference'.

[LISTEN] Gift of the Givers needs R23 million to resolve Makhanda water crisis

[LISTEN] Gift of the Givers needs R23 million to resolve Makhanda water crisis

Humanitarian organisation has been in the town for the past few months, providing water and drilling boreholes for residents.

Thabo Mbeki says  ANC realises it has veered off course

Thabo Mbeki says ANC realises it has veered off course

Speaking to media at the Rand Show, former president explained why he has come out to campaign for the party.

Motoring: 'SA is the only country that has embedded extended warrantee policies'

Motoring: 'SA is the only country that has embedded extended warrantee policies'

Azania speaks to Autoboys CEO Filum Ho to find out more about the impact of these warranties on motorists.

Matter of Fact: Checking reports and statements made during #AlexShutdown

Matter of Fact: Checking reports and statements made during #AlexShutdown

Azania speaks to Africa Check researchers Kate Wilkinson and Naphtali Khumalo.

Popular articles
'Reasons Thabo Mbeki couldn't back ANC haven't left yet' suggests Refilwe

'Reasons Thabo Mbeki couldn't back ANC haven't left yet' suggests Refilwe

Former president Thabo Mbeki has come out now and called on citizens to vote for the ANC, after years of silence.

Gordhan's lawyer wants Mkhwebane to supply proof of 'special circumstances'

Gordhan's lawyer wants Mkhwebane to supply proof of 'special circumstances'

Gordhan’s lawyer Tebogo Malatji says the minister is facing a fourth probe into the same issue of the Sars investigating unit.

Discovery, OUTsurance, Clientèle Life… Stop! Some brands advertise way too much

Discovery, OUTsurance, Clientèle Life… Stop! Some brands advertise way too much

Do you resent seeing the same TV ads over and over? Bruce Whitfield interviews branding and advertising expert Andy Rice.

Should we care that Malema has joined the Inanda Country Club? analysts discuss

Should we care that Malema has joined the Inanda Country Club? analysts discuss

Eusebius McKaiser facilitates debate on the symbolism of a pro-poor politician joining an elite club that caters for the rich.

[UPDATE] KZN floods death toll rises to 32, more rains expected

[UPDATE] KZN floods death toll rises to 32, more rains expected

MEC pleads with employers to be considerate as weather expected to worsen.

Orphaned gorillas' selfie goes viral

Orphaned gorillas' selfie goes viral

Khabazela shares tweets and Facebook posts that have gone viral.

Transnet staffers involved in alleged corruption worth billions

Transnet staffers involved in alleged corruption worth billions

AmaBhungane senior investigative journalist Susan Comrie provides insights into a City Press exposé over the weekend.