Eskom bailout legislation passes in the House, with sharp politicking and gerrymandering
Eskom received parliamentary approval for its R254bn bailout after the House on Thursday passed the Eskom Debt Relief Bill. The Bill is effectively the second quarter-trillion rand bailout for the troubled state power utility, four years after the 2019 Budget provided R230-billion in a mix of a once-off allocation and annual instalments over 10 years.