1. By 30 April 2019, National Treasury transferred a total of R13.5 billion to Eskom of the R17.652 billion that was approved by the Minister of Finance through invoking Section 16 of the Public Finance Management Act (PFMA).
2. Government acknowledges that the R23 billion for 2019/2020 will not be sufficient and is thus tabling a Special Appropriation Bill to Parliament for urgent consideration and approval.
3. Given the strategic role that Eskom plays in pursuit of governments objectives, the Minister of Finance announced that government has committed to set aside R23 billion per year over the next 3 years to financially support Eskom. Moreover, beyond MTEF the current fiscal planning includes R23 billion per year to support Eskom over the next 10 years, with the total accumulated support amounting to R230 billion or R150 billion in net present value terms.
4. None.