Ramaphosa confirms R230bn support for Eskom to be front-loaded

President Cyril Ramaphosa announced on Thursday that the R230-billion in fiscal support being directed to debt-laden power utility Eskom over the coming ten years would be structured in a way that ensures a significant portion is provided in the early years. A Special Appropriation Bill would be tabled in Parliament on an urgent basis to facilitate such front-end loading, the President said in his post-election State of the Nation Address (SoNA).