Budget Speech 2023

Supporting Economic Growth

Conditions
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Honourable Members, the arrangement is accompanied by strict conditions to safeguard public funds.

 

These conditions include:

 

• Requiring Eskom to prioritise capital expenditure in transmission and distribution during the debt-relief period.
• For the company to focus on maintenance of the existing generation fleet to improve availability of electricity.
• That the debt relief be used to settle debt and interest payments only.
• And that Eskom implement the recommendations emanating from an independent assessment of its operations, which has been commissioned by the National Treasury.

 

Details of the debt relief, and the reasoning behind the conditions are set out in full in the online annexure.