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ESKOM DEBT RELIEF BILL: NATIONAL ASSEMBLY COMMITTEE CALLS FOR WRITTEN SUBMISSIONS
- 10 April 2023
- State Owned Enterprises
- SA Legal Academy
The National Assembly’s Standing Committee on Appropriations has called for input by 21 April 2023 on the Eskom Debt Relief Bill. Presumably with the aim of allowing stakeholders the standard 21-day public commentary period, the committee notice was posted on Parliament’s website on Monday 10 April 2023, which was a public holiday.
Tabled with the 2023/24 Budget, once in force the Bill will enable National Treasury to advance R78bn, R66bn and R48bn to Eskom for the 2023/24, 2024/25 and 2025/26 financial years respectively as loans to be directly charged against the National Revenue Fund. These loans will form part of National Treasury’s budget allocation for each year concerned.
The Bill requires the Minister to ‘determine conditions for the conversion of a portion or portions of the amount of the loan for each financial year into ordinary shares issued by Eskom to the state’.
Published by SA Legal Academy Policy Watch