ANC supports the MTPBS; the opposition is not that impressed

businesslive.co.za

- businesslive.co.za | 3 weeks ago

Mboweni, however, did not announce any new measures to restructure Eskom’s debt, but said he wanted to see reforms before the utility could get more financial support.

Eskom, which has debt of R450bn that it is unable to service, has said that it needs to be relieved of R250bn of the debt to be sustainable. The ANC also noted the measures proposed to ensure that government reduce wasteful expenditure across all spheres, without cutting essential services.

 “Leadership must lead on this matter, and we welcome the reduction of fringe benefits to political office bearers, less expensive cars, and cheaper modes of air travel, as well as capping of salary increments to below [the consumer price index],” Mabe said.

read full story @businesslive.co.za