No finality on Eskom ‘support’, but DPE confirms immediate R25bn shortfall

Engineering News – ONLINE
24 April 2014
Department of Public Enterprises (DPE) director-general Tshediso Matona confirms that the interdepartmental task team established to find a solution to Eskom’s financial problems has agreed that further support will be required. However, he says it is premature to place a monetary value to that possible support, or divulge details of the other elements of a possible long-term package.
Matona chairs the interdepartmental task team made up of officials from the DPE, the National Treasury, the Department of Energy and Eskom. He spoke with Engineering News Online following remarks by Eskomfinance director Tsholofelo Molefe in Business Day indicating that the State-owned utility might require a R50-billion equity injection along with further upward tariff adjustments to safeguard its sustainability.  Read more…

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