South African Government News
Eskom Moves Loadshedding to Weekend Allowing SA Govt to Pass Bill on Friday
Image sourced from International Atomic Energy Agency /* custom css */ .tdi_4_e33.td-a-rec-img{ text-align: left; }.tdi_4_e33.td-a-rec-img img{ margin: 0 auto 0 0; } Embattled South African power utility Eskom is suspending load-shedding on Friday from 12:00 to 17:00 in order for the country’s parliament to pass an Appropriation Bill. In order for the power utility to make up reserves it will use to suspend the shedding on Friday, communities across the country will have to face load-shedding through the weekend. #PowerAlert1 In order to allow parliament to pass the Appropriation Bill, Stage 2 loadshedding will be suspended from 12:00 to 17:00 today@News24 @SABCNews @NewzroomAfrika @eNCA @IOL @ewnupdates @SundayTimesZA @SowetanLIVE @dailysunsa pic.twitter.com/d4naqeHG7B — Eskom Hld SOC Ltd...
SA Government Could Bail Out National Airline to the Tune of $1.2-Billion
Sourced from Shutterstock. The administrator’s running South Africa’s embattled national airlines SAA propositioned the government to provide a R21-billion ($1.2-billion) bailout to help repay debt and resume operations after COVID-19 travel bans are lifted. This new plan includes about R17-billion that will go into repaying South African Airways creditors, according to Bloomberg. Afterwards, as much as R2-billion will be provided for working capital to get operations back and running. The draft plan “is for discussion purposes only and we await comment from the affected persons,” a spokeswoman for the administrators says, adding that the team has until 8 June to finalize a rescue proposal. /* custom css */ .tdi_3_91e.td-a-rec-img{ text-align: left; }.tdi_3_91e.td-a-rec-img img{ margin: 0 ...
