on air now
NOW PLAYING
Sam Ludidi
up next
Up Next
KayCee Rossouw
on air now
NOW PLAYING
Sam Ludidi
up next
Up Next
KayCee Rossouw
 

Eskom to get another bailout


President Cyril Ramaphosa is expected to announce further measures to support cash-strapped Eskom.

This is expected to be done during Thursday's State of the Nation Address, as Ramaphosa's sixth democratic administration takes charge.

Ramaphosa met with members of the Eskom board at his Genadendal Residence in Cape Town on Tuesday.

The was also attended by several cabinet ministers, was align government actions that will be undertaken to stabilise the energy utility in light of its financial and operational challenges.

The Presidency said the Eskom board presented a report on the implementation of the nine-point plan, focusing on its key priorities.

These are the need to ensure uninterrupted power supply, cutting costs, driving efficiencies and increasing revenue through, amongst others, higher collection rates.

President Ramaphosa has previously said in various platforms that Eskom was too big and too critical for the country's economy to be allowed to fail.

- African News Agency (ANA)