Finance Minister Enoch Godongwana says that former Eskom CEO André de Ruyter "was economical with the truth" in his comments about corruption at Eskom in a recent interview. Godongwana also briefed MPs on the debt solution for Eskom. The bailout will see the Treasury take over R254 billion in debt repayments and interest costs for the next three years and take over R70 billion of loan debt. "We have appointed an independent team to assess Eskom to give us a better understanding and to say exactly what conditions to attach to the loan. The independent consortium of consultants will be led by Vgbe Energy and includes several global engineering consulting firms.

Source: News 24 February 23, 2023 15:06 UTC