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ESKOM DEBT RELIEF AMENDMENT ACT GAZETTED AND IN FORCE
- 08 April 2024
- New Legislation
- SA Legal Academy
The Eskom Debt Relief Amendment Bill has been signed into law. Gazetted on 8 April 2024 and immediately effective, the new piece of legislation:
- requires Eskom to pay interest on amounts advanced as a loan in terms of the principal statute, and
- empowers the Minister of Finance to reduce any amount loaned to Eskom in the event of non-compliance with conditions attached to previous loans under the principal statute.
This is noting that the Eskom Debt Relief Act, 2023, permits direct charges to be made against the National Revenue Fund and attributed to National Treasury’s 2023/4, 2024/5 and 2025/6 budget votes with the aim of meeting Eskom’s requirements during those financial years.
Published by SA Legal Academy Policy Watch
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