Another R 17 billion bailout for Eskom

Finance Minister, Tito Mboweni, has tabled a report which details a R 17 billion bailout for Eskom due to an emergency cash problem – this points to a power utility that is no longer viable and sustainable.

Eskom is using money to literally pay salaries and keep the lights on by burning through billions of Rands worth of diesel until after the elections.

The DA has proposed a bill that would allow for the introduction of independent power producers that would cheapen the cost of electricity, bring about much needed competition, but these solutions were never adopted.

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