Eskom considering taking climate funds as equity injection

[BusinessTech]

Eskom considering taking climate funds as equity injection

South Africa’s state power company is planning to propose that some of the funding the country secured to help tackle climate change take the form of loans to the government that could be converted to equity in the utility when needed.

 

[Bigjay84]

You can do all the fancy beancounting you want , but you can't polish a turd into a diamond

 

[grok]

And just like that.. more misappropriated funds down the BEE toilet..

 

[LCBXX]

South Africa Court Orders Sasol, Eskom Pollution Clampdown

A South African court ordered the government to take measures to improve the air quality in a key industrial zone, saying it had breached the constitution by failing to crack down on pollution emitted by power plants operated by Eskom Holdings SOC Ltd. and refineries owned by Sasol Ltd.

www.bloomberg.com

 

[porchrat]

FFS stop giving the climate change money directly to these corrupt, inept morons.

It needs to be ringfenced and controlled by neutral foreigners. That's the only way the country will see the intended benefit.

 

[ShaunSA]

I wonder if this is de ruyter's brillaint idea

Though it sounds like something Jamnadas would come up with