Eskom and Treasury argue over diesel acquisition; Godongwana tries to sell South Africa to investors at Davos; Joburg CBD being monitored after protests; and Ramaphosa wins interdict battle against Zuma.
Eskom and National Treasury disagree over how money should be raised to buy diesel. Eskom says load shedding will remain for another two years, and buying diesel is the only short-term relief possible. Despite the Public Investment Corporation rolling over R13 billion of Eskom’s debt which Treasury thought would give Eskom more money for diesel, Eskom’s management says it still does not have enough money, and the PIC rollover was already included in its plans.
Godongwana says it is vital to acknowledge the challenges South Africa faces, but it is far more essential to highlight how the country is trying to address these issues. The minister says dealing with red tape and working with businesses to address the power crisis are vital areas the government is focusing on. [: Gauteng Premier Panyaza Lesufi says his office will monitor the situation in Johannesburg’s CBD after a violent protest occurred yesterday.
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