Minister Pravin Gordhan welcomes Eskom’s debt relief of R254 billion
23 February 2023
The Minister of Public Enterprises, Pravin Gordhan welcomes Eskom’s debt relief of R254 billion announced by Minister of Finance, Enoch Godongwana, today in his Budget speech.
This means government will service Eskom debt obligations for the next three financial years (both debt capital and interest).
Furthermore, Government will take up R70 bn debt from Eskom’s balance sheet, thereby reducing the debt further to sustainable levels.
As at December 2022, Eskom’s debt stood at R422 billion from R396 billion recorded at the end of March 2022.