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Pretoria - Power utility Eskom will spend about R300bn ($44.25bn) by 2018, the newly appointed director-general of the National Treasury said on Wednesday.
Lungisa Fuzile, who starts work on May 16, said the utility has gone a long way towards sourcing the bulk of the cash.
Eskom supplies the majority of electricity to Africa's biggest economy but has been struggling to meet fast-rising demand. It has said that supply will remain tight until 2015, when two new power plants come on stream.
Lungisa Fuzile, who starts work on May 16, said the utility has gone a long way towards sourcing the bulk of the cash.
Eskom supplies the majority of electricity to Africa's biggest economy but has been struggling to meet fast-rising demand. It has said that supply will remain tight until 2015, when two new power plants come on stream.
