National Treasury’s head of assets, Duncan Pieterse, said that through stringent pre-financing conditions, government hoped to turn the tide on not reaping any benefit of financing state-owned companies.
CAPE TOWN - The National Treasury said that it would not just be doling out money to Eskom, despite a R254 billion bailout announced in this year’s budget speech.
The Treasury on Tuesday briefed Parliament’s Standing Committee on Public Accounts on the status of bailouts and loan guarantees to mostly struggling state-owned enterprises."It’s clear that the bailouts that we’ve given Eskom up until now have not managed to address the entity’s underlying liquidity and solvency challenges."
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