South Africa can have nice policy on paper but it is useless if it can't provide electricity, Finance Minister Enoch Godongwana said on Thursday.
on Wednesday as more of its generating units broke down.
Power outages are a major source of public frustration with the governing African National Congress party and a brake on economic growth in Africa's most industrialised nation. "We want to resolve the Eskom issue soon, part of that… is to make sure a healthy balance sheet," Godongwana said during a meeting with the country's delegation to the World Economic Forum that kicks off in Davos next week.
The minister said an "appropriate announcement" on Eskom would be made on Feb. 22. South Africa's annual budget is normally presented in February, and Godongwana is expected to unveil a plan for the government to take on part of the utility's roughly 400 billion rand debt. Reporting by Rachel Savage and Kopano Gumbi Writing by Anait Miridzhanian Editing by Alexander Winning
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WATCH | Health minister provides an update on Covid-19 in South AfricaHealth minister Joe Phaahla and his deputy Sibongiseni Dhlomo are expected to provide an update on Covid-19 in the country.
Read more »
South Africa sees no need for new Covid-19 restrictions at present — health ministerSouth Africa will increase Covid-19 testing and reinvigorate its vaccination campaign in light of rising global infections.
Read more »
WATCH | Health minister provides an update on Covid-19 in South AfricaHealth minister Joe Phaahla and his deputy Sibongiseni Dhlomo are expected to provide an update on Covid-19 in the country.
Read more »
LISTEN | South Africa sees no need for new Covid-19 restrictions at present — health ministerSouth Africa will increase Covid-19 testing and reinvigorate its vaccination campaign in light of rising global infections.
Read more »
South Africa: Taps Dry Up in Nelson Mandela Bay - South African News Briefs - January 10, 2023Taps Dry Up in Nelson Mandela Bay - South African News Briefs - January 10, 2023 allafrica: SouthAfrica
Read more »
South Africa: Eskom Ramps Up Planned Power Cuts - South African News Briefs - 11 January, 2023Eskom Ramps Up Planned Power Cuts - South African News Briefs - 11 January, 2023 allafrica: SouthAfrica
Read more »