Transnet and Eskom still in crisis as Treasury holds firm on SOE bailouts

Daily Maverick

Eskom faces debt crisis, with National Treasury refusing further bailouts. Finance Minister Godongwana announces debt restructuring, clawing back R20 billion from Eskom’s R70 billion debt. Eskom to receive R50 billion in two advances, focusing on debt servicing over operational improvements. Treasury acknowledges Eskom’s financial improvements but highlights ongoing fiscal risks.

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