ESKOM NEEDS CASH INJECTION IN 3 MONTHS OR FACES INSOLVENCY, PARLY COMMITTEE TOLD

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That’s the cold hard fact contained in a presentation to Parliament’s Public Enterprises Portfolio Committee.

 Eskom is technically insolvent and will fail to exist at the current rate by April.

That’s the cold hard fact contained in a presentation to Parliament’s Public Enterprises Portfolio Committee.

The department is briefing the committee today on issues contained in the State of the Nation Address.

Last week, President Cyril Ramaphosa said the entity would be unbundled into three separate entities.

According to the presentation, Eskom’s debt now stands at R420 billion.

The department says defaulting on this debt poses a risk to the economy.