The South African government is proposing to reduce its planned allocations to Eskom under a previously announced R254-billion debt-relief package by R2-billion a year for the 2023/24 and 2024/25 periods, owing to the utility’s failure to dispose of the Eskom Finance Company (EFC) by the agreed timeframe of March 31, 2024. Allocations of R78-billion in 2023/24 and R66 billion were announced previously.
