Finance Minister Enoch Godongwana ruled out additional state funding for debt-laden power utility Eskom, underscoring the government’s disjointed approach to resolving the nation’s debilitating energy crisis. | News24_Business
"From where I sit, the utility does not require any further cash injection," Godongwana said in an interview at the International Monetary Fund’s Spring Meetings in Washington on Friday.
The plan, which enables the utility to undertake critical maintenance needed to secure electricity supply, hinges on it meeting pre-determined performance targets that are meant to wean Eskom off its reliance on public finances. Straying from that strategy would test the credibility of South Africa’s fiscal framework and budget processes in a country with a full house of junk credit ratings.
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