Special Appropriation Bill

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Special Appropriation Bill

“Government has committed R23 billion to be allocated to Eskom over the next 3 years in the current fiscal framework, Eskom’s funding plan is dependent on Eskom raising additional finance from the market, which in turn requires Eskom to be a going concern. It is therefore important to note that the proposed financial support for 2019/20 and 2020/21 financial years addresses the going concern status and enables Eskom to honour its obligations.

Therefore, this Special Appropriation Bill request approval for additional financial support for Eskom as follows:

a. Additional R26 billion in 2019/20 financial year; and

b. R33 billion in the 2020/21 financial year.”

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