ARTICLE: WILL THE STATE-OWNED ENTITIES EVER FIND THEIR FEET?

The national electricity supplier, Eskom, has been operating in crisis mode for as long as any other State-owned enterprise (SOE) in South Africa, with the primary concern, of course, being its financial insecurity. On 23 July 2019, Finance Minister, Tito Mboweni, introduced the Special Appropriations Bill (the Bill) in the National Assembly. The succinct Bill details additional funding for Eskom – in terms of which Minister Mboweni will be able to approve a whopping R59 billion bailout for Eskom. The funds will be released in a R29 billion chunk for the 2019/2020 period, with the remainder following in the 2020/2021 financial year.







