Godongwana: Govt looking to relieve Eskom debt burden

Finance Minister Enoch Godongwana hinted at the idea during a media briefing with ministers from the energy crisis committee on Monday.

"Depending on which time Eskom debt fluctuates between R200 to R400 billion. There's an accepted issue, even in the market place that, that debt for Eskom it's unsustainable and therefore, if its unsustainable it poses a risk to the soverign.

“To avoid that sovereign, they will have to step in."

He says the Eskom debt issue needs urgent attention.

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Godongwana says Treasury will table its proposal at the next cabinet lekgotla.

In the meantime, they'll decide how much debt to settle.

"What has not been settled yet … is the quantum of that, how much will be taken by the sovereign, but the principle is there. At the moment both Treasury officials and Eskom officials are developing scenarios which we will table before cabinet."