Ramaphosa meets with Eskom bosses ahead of State of the Nation Address

Deputy President Cyril Ramaphosa. (Gulshan Khan, AFP)
Deputy President Cyril Ramaphosa. (Gulshan Khan, AFP)

President Cyril Ramaphosa on Tuesday met with members of the Eskom board in Cape Town.

A statement from the Presidency said Minister of Finance Tito Mboweni, Minister of Mineral Resources and Energy Gwede Mantashe and Minister of Public Enterprises Pravin Gordhan were also in attendance at the meeting at Genadendal Residence. 

Ramaphosa called on the ministers to establish alignment across government on the actions "to be undertaken to stabilise the energy utility in light of its financial and operational challenges".

The Eskom board, meanwhile, presented a report on the implementation of its nine-point plan to turn the debt-laden power utility around.

According to the statement, the president is expected to announce further measures to support Eskom’s efforts at recovery and financial and operational sustainability. Ramaphosa will deliver the State of the Nation Address on Thursday. 

Also on Tuesday the North Gauteng High Court ruled that Gupta-linked advisory company Trillian must pay back R595m to the power utility. 

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
ZAR/USD
15.18
(-0.69)
ZAR/GBP
20.64
(+0.01)
ZAR/EUR
18.36
(-0.17)
ZAR/AUD
11.72
(+0.06)
ZAR/JPY
0.15
(-0.66)
Gold
1830.54
(-0.85)
Silver
24.70
(-3.23)
Platinum
1074.50
(-3.53)
Brent Crude
56.41
(+0.64)
Palladium
2391.50
(-0.33)
All Share
63549.75
(-0.52)
Top 40
58446.35
(-0.49)
Financial 15
11916.89
(+0.01)
Industrial 25
83811.01
(+0.08)
Resource 10
63855.25
(-1.46)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
21% - 646 votes
No, I did not.
51% - 1602 votes
My landlord refused
28% - 867 votes
Vote