South Africa said On Wednesday, the State Energy Assistance Program reduces the package package with another R20 billion with each other and gave some support in loans rather than taking the company’s debt.
“When the Eskom was declared in the first place in the debt relief, we decided to simplify the final stage of the debt relief package,” the national treasury is a revised annual budget.
Instead of receiving R7-Billion debt, the National Treasury will give a R50 billion credit to Eskom.
The government has previously reduced the support package by R4 billion after the Eskom did not respond to the last date to order the financial company.
Eskom, in December, will be profitable in 2025, he said that his first profit was the first winner in eight years.
“Summary will give a loan to Eskom on a loan worth of R230 billion to help the government to pay for the assistance program to pay for the assistance program to pay its debt.
Reading: Eskom prices will increase four times the latest CPI figures
South Africa has been fighting for years for the overhaul of Eskom, which has been rising to Bailouts for more than a decade to reduce economic growth. – 2025 Reuters
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