Ramaphosa also said load-shedding impacted the country's economic performance.
He said Eskom, however, has made progress to maintain its generators and has adequate reserves of coal.He added that the utility has “sufficient cash to meet its obligations until the end of October 2019.”He said government has a strategy to deal with Eskom defaulting on its loans.
The President also said the power utility will soon be appointing a new CEO following Phakamani Hadebe's resignation. He said Chief Restructuring Officer will also be appointed to reposition Eskom's financial stability.Ramaphosa had a stern warning for those not paying for electricity. “The days of boycotting payment are over. This is now the time to build it is the time for all of us to make our own contribution.”
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