Ramaphosa meets with Eskom bosses ahead of State of the Nation Address | Fin24
 
In partnership with
  • Tallest in Africa

    A new Sandton skyscraper is the tallest building on the continent, offering a view of Magaliesberg.

  • Load Shedding

    Power utility Eskom says it is not planning rotational power cuts in September or October.

  • Fin24’s newsletter

    Sign up to receive Fin24's top news in your inbox every morning.

Loading...

Ramaphosa meets with Eskom bosses ahead of State of the Nation Address

Jun 18 2019 17:41
Khulekani Magubane, Fin24

President Cyril Ramaphosa on Tuesday met with members of the Eskom board in Cape Town.

A statement from the Presidency said Minister of Finance Tito Mboweni, Minister of Mineral Resources and Energy Gwede Mantashe and Minister of Public Enterprises Pravin Gordhan were also in attendance at the meeting at Genadendal Residence. 

Ramaphosa called on the ministers to establish alignment across government on the actions "to be undertaken to stabilise the energy utility in light of its financial and operational challenges".

The Eskom board, meanwhile, presented a report on the implementation of its nine-point plan to turn the debt-laden power utility around.

According to the statement, the president is expected to announce further measures to support Eskom’s efforts at recovery and financial and operational sustainability. Ramaphosa will deliver the State of the Nation Address on Thursday. 

Also on Tuesday the North Gauteng High Court ruled that Gupta-linked advisory company Trillian must pay back R595m to the power utility. 

NEXT ON FIN24X

 
 
 
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

What's your view on deep sea mining?

Previous results · Suggest a vote

Loading...