Treasury clarifies Eskom debt plan

[BusinessTech]

Treasury clarifies Eskom debt plan

The National Treasury has gone into more detail on the Eskom debt relief bill.

 

[Agent_Smith]

According to the Treasury, the bill forms one of the many initiatives undertaken by the government to help Eskom become a profitable, transparent, and efficient entity.

 

[ToxicBunny]

I'm intrigued by this debt for shares thing?

The government is the only shareholder in the entity as it stands, so they're going to give money over to Eskom and possibly get more shares in the company that they already have all the shares for.

 

[grok]

Raping the taxpayer once more..