Deputy President David Mabuza was on Thursday grilled by MPs on struggling state-owned entities Eskom and the South African Airways (SAA).
He was asked how government planned to turnaround the parastatals which are billions of rand in debt.
Mabuza was responding to oral questions from members of the National Assembly.
On Eskom, Mabuza said the power utility could not be allowed to fail, saying the company was on the right track.
Eskom has recorded a more than R20 billion loss in the current financial year and has debt of over R400 billion.
“Given the strategic role and importance of Eskom to the economy, failure to turn Eskom around is not an option.”
On SAA, which is receiving a R10.5 billion bailout, Mabuza said the company was strategic and needed government assistance.
“Funding of SAA should be understood in line preserving strategic state instruments for transformation, for growth, for development and for service delivery and employment creation.”
-EWN
In other news – Photos go viral: DJ Tira allegedly high on drugs, South Africans react
DJ Tira got lots of mentions on social media after photos of him taking weed went viral. Most reactions to the photos are hilarious as people couldn’t stop laughing at his facial expression after taking the weed.
The DJ is known to gig and drink. Weed isn’t a common thing sighted with him. Learn More
No comments:
Post a Comment