Dig deep, Mzansi. Eskom wants your tax money again. Rumors of a fresh bailout have been sparked after a Treasury official said it’s a case of “when, not if”.
Power giants Eskom have suffered a double-blow this weekend after it emerged that they would need bailouts on top of bailouts to really get itself up and running again. However, their woes have intensified even further, after a local environmental group sued the government over their levels of pollution.
Let’s unpack this one bit at a time. As Bloomberg report, National Treasury Director General Dondo Mogajane said that the government is likely to commit billions more to the flailing utility, stating that they “don’t have a choice” in the matter.
Another bailout imminent for Eskom
Mogajane’s admission comes just months after Eskom secured R69 million from the government for the next three years. However, this came with a caveat – Presiden
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