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
Pule Mabe to return to work after being cleared of sexual harassment allegations

Pule Mabe to return to work after being cleared of sexual harassment allegations

Last year, Mabe took special leave after his former personal assistant claimed he harassed her on three different occasions.

[LISTEN] Plowing money into ailing SOEs won't solve the problem - Cas Coovadia

[LISTEN] Plowing money into ailing SOEs won't solve the problem - Cas Coovadia

Cooovadia says some hard decisions need to be made to boost confidence in the economy.

African pangolins are the most trafficked wildlife species on earth

African pangolins are the most trafficked wildlife species on earth

Conservationist Helena Atkinson says it's estimated that one pangolin is taken from the wild every five minutes.

'It is only through languages that you get to understand what a people is like'

'It is only through languages that you get to understand what a people is like'

Azania sat down with founder of the Rera Language School, Matsobane Sexwale ahead of International Mother Language Day.

[LISTEN] Healthy Living Alliance to launch 'What's in My Food' campaign

[LISTEN] Healthy Living Alliance to launch 'What's in My Food' campaign

Azania spoke to the Healthy Living Alliance's Sibongile Nkosi to learn more about the campaign and its aims.

[LISTEN] Rescue operations at Gloria Mine still on hold

[LISTEN] Rescue operations at Gloria Mine still on hold

Minister of Mineral Resources Gwede Manatshe visited the mine on Friday for a progress update.

Popular articles
'It is only through languages that you get to understand what a people is like'

'It is only through languages that you get to understand what a people is like'

Azania sat down with founder of the Rera Language School, Matsobane Sexwale ahead of International Mother Language Day.

Bosasa trading as African Global Operations to be liquidated

Bosasa trading as African Global Operations to be liquidated

Two banks took a decision to close down Bosasa's bank accounts forcing the company to go under voluntary liquidation.

Johannesburg’s drive to create a smart city is rolling out

Johannesburg’s drive to create a smart city is rolling out

Vumatel is deploying 15 000 CCTV security cameras over the next five years to make Joburg's streets safer.

'No one asked Phelps to cut down his flipper feet'- Caller #HandsOffCaster

'No one asked Phelps to cut down his flipper feet'- Caller #HandsOffCaster

702/CapeTalk's listeners weigh in on the proposed regulations by the IAAF in support of Caster Semenya.

South Africa just became the world’s hottest destination for oil exploration

South Africa just became the world’s hottest destination for oil exploration

The Money Show’s Bruce Whitfield interviews Stephen Larkin, CEO at Africa New Energies.