[miningmx.com] – THE South African government wanted Eskom to establish a medium-term plan and that financial support that is to be provided to the utility was not ‘a bail-out’, said Business Report citing comments of finance minister, Nhlanhla Nene.
“It’s not about the bailout. It doesn’t help to always bail out. The issue here is to ensure that there is [a] medium to long-term plan to ensure that Eskom is in a good situation,” he was quoted as saying.
“If Eskom says it’s only left with the money to sustain it for 21 days, what does that mean? Does it mean it has not been generating profit through electricity sales? Eskom is in business, making and losing money,” he told the newspaper.
Click here to read the full article
