ESKOM DEBT RELIEF BILL: NCOP COMMITTEE CALLS FOR SUBMISSIONS

ESKOM DEBT RELIEF BILL: NCOP COMMITTEE CALLS FOR SUBMISSIONS

• 29 April 2023
• State Owned Enterprises
• SA Legal Academy

Please note: On 8 May 2023, National Treasury published an explanatory note on the Bill, among other things answering frequently asked questions about the loan now being proposed and Eskom's obligations in that regard. 

The NCOP’s Appropriations Committee has called for written submissions by 19 May 2023 on the Eskom Debt Relief Bill, which on 13 May 2023 was still waiting to be passed by the National Assembly before being sent to the NCOP for concurrence.

Tabled in Parliament on 22 February 2023 with the 2023/24 Budget, the Bill seeks to 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.

The committee has set the same deadline for submissions on the 2023 Appropriation Bill, which is also waiting to be passed by the National Assembly.

According to Parliamentary Monitoring Group records, the NCOP Committee on Appropriations was briefed on both Bills on 9 May 2023.

• committee notice
• Eskom Debt Relief Bill
• Appropriation Bill

Published by SA Legal Academy Policy Watch

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