Eskom’s bailout gets green light
By Herald Reporter - 25 June 2015
Taxpayers’ loss of more than R80bn a fraud, DA says
THE National Assembly has passed two bills as a bailout to Eskom, totalling R83-billion, against vehement opposition by the DA – which called it a fraud – and some small opposition parties.
Of the total, R23-billion is to come from the sale of state assets, and R60-billion from what is essentially the write-off of a government loan to itself as the only Eskom shareholder.
The EFF walked out of the debate in protest against what it called partisan chairing by deputy speaker Lechesa Tsenoli. - Jan-Jan Joubert
