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They have asked how the government plans to roll back the parastatals, which are in billions of rand in debt.
On Thursday, September 3, 2020, Vice President David Mabuza answered questions at the provincial national council, his first appearance in Parliament after a long period of poor health. Image: @ DDMabuza / Twitter
CAPE TOWN – Vice President David Mabuza was questioned Thursday by lawmakers about struggling state entities Eskom and South African Airways (SAA).
He was asked how the government planned to reverse parastatals, which are in billions of rand in debt.
Mabuza was answering oral questions from members of the National Assembly.
At Eskom, Mabuza said the power company could not be allowed to fail, and said the company was on the right track.
ALSO READ: Eskom expects a net loss of R26.2 billion for fiscal year 2020/2021
Eskom has recorded a loss of more than 20 billion rand in the current financial year and is in debt of more than 400 billion rand.
“Given Eskom’s strategic role and importance to the economy, not getting Eskom to change is not an option.”
At SAA, which is receiving a R10.5 billion ransom, Mabuza said the company was strategic and needed help from the government.
“SAA financing must be understood in the line of preserving strategic state instruments for transformation, growth, development and provision of services and job creation.”
LISTEN: Technical experts flew in to help Eskom and German companies in SA
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