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Mboweni: 'Hold your horses' on Eskom debt solution

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Minister of Finance Tito Mboweni addresses the media during the 2020 National Budget Press Conference at the Parliament House on February 26, 2020 in Cape Town, South Africa. The national budget speech is the governments spending plan for the coming financial year. The minister of finance is responsible for allocating money to the governments different programmes and objectives.
Minister of Finance Tito Mboweni addresses the media during the 2020 National Budget Press Conference at the Parliament House on February 26, 2020 in Cape Town, South Africa. The national budget speech is the governments spending plan for the coming financial year. The minister of finance is responsible for allocating money to the governments different programmes and objectives.
Ziyaad Douglas

Government will make announcements on dealing with Eskom's near R490 billion debt in due course, Finance Minister Tito Mboweni has said.

The minister on Wednesday was speaking during a briefing following the tabling of the medium-term budget policy statement.

The power utility received R23 billion this year, as was allocated in Budget 2020. Treasury noted that Eskom has been making progress in implementing its turnaround plan. However, its growing debt burden is still a sore point.

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