Eskom to table turnaround strategy before Budget

17 January 2019

Government is pushing Eskom, the power utility with R419bn in debt, to present a credible turnaround strategy before the February 20 Budget presentation, a person familiar with the situation said.

While the state-owned company has asked the national energy regulator for permission to raise power prices by 15%a year for three years, that request would still leave the utility needing R100bn, the person said.

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Source: 
Fin24

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