Tuesday, 23 July 2019 10:58

Finance Minister Tito Mboweni has presented his plans to parliament to provide financial support to struggling energy utility Eskom.

He introduced the Special Appropriation Bill in the National Assembly, which will offer the parastatal a lifeline in the current and next financial year.

This will lead to a R59 billion bailout from government in two instalments: R26bn in the 2019/20 financial year followed by R33bn in the 2020/21 financial year.