• News
  • Sport
  • TV
  • Radio
  • Education
  • TV Licences
  • Contact Us
  • SOUTH AFRICA
  • POLITICS
  • BUSINESS
  • SPORT
  • AFRICA
  • WORLD
  • FEATURES
  • OPINION
No Result
View All Result
1
Home Business

Mboweni denies reports on Ramos’ Eskom appointment

21 April 2019, 8:07 PM  |
Glorious Sefako-Musi Glorious Sefako-Musi |  @SABCNews
Finance Minister Tito Mboweni says no one has been appointed so far but that Maria Ramos is among those being considered.

Finance Minister Tito Mboweni says no one has been appointed so far but that Maria Ramos is among those being considered.

Finance Minister Tito Mboweni says no one has been appointed so far but that Maria Ramos is among those being considered.

Image: Moneyweb

Finance Minister Tito Mboweni says no one has been appointed so far but that Maria Ramos is among those being considered.

Finance Minister Tito Mboweni has denied reports that Maria Ramos has been appointed to take charge of Eskom’s unbundling.

It was earlier reported on Sunday that Ramos had been appointed to lead the process to split Eskom into three separate entities – namely: generation, transmission and distribution.

In his State-of-the-Nation-Address in February this year, President Cyril Ramaphosa announced the unbundling of Eskom into three units.

Mboweni says no one has been appointed so far but that Ramos is among those being considered. He says processes are under way but so far no appointments have been made.

Ramos recently retired from ABSA where she was Group CEO since 2009. Before then she was Group Chief Executive of Transnet.

The government announced earlier this year that the embattled power utility would be broken down in a bid to turn it around.

In his budget speech in February, the Finance minister said pouring money directly into Eskom in its current form is like pouring water into a sieve.  He announced that government was setting aside R23 billion a year over the next three years to financially support the power utility during its reconfiguration.

Mboweni says he has had to invoke Section 16 of the Public Finance Management Act and provide R5 billion liquidity to Eskom.

This comes after the failure by the China Development Bank to release on time an amount of R7bn from a $2.5bn facility reportedly due to its central bank exchange control requirements.

Eskom was at risk of not meeting its debt repayment obligations.

Share article
Tags: ABSATransnetTito MboweniMaria RamosEskom
Previous Post

ANC leaders out in full swing on Easter Weekend

Next Post

Comedian Zelensky wins Ukraine presidency in landslide

Related Posts

Food packed in a supermarket’s fridge.

Food inflation increases to all-time high

22 March 2023, 11:15 AM
Powerlines leading from the Koeberg Nuclear Power Station

Black Business Council optimistic about Eskom turnaround

22 March 2023, 10:10 AM
Aerial view of the Koeberg Nuclear Power Station

320-ton steam generator removed at Koeberg Power Station

22 March 2023, 9:17 AM
A dim bulb for illustrative purposes

Stage 2 rolling blackouts implemented at 5am, stage 3 from 4pm

22 March 2023, 6:26 AM
Coal mining in South Africa.

Coal will remain dominant energy source in SA for years to come: Experts

21 March 2023, 9:54 PM
Electricity Minister Dr. Kgosientsho Ramokgopa visited the Kriel Power Station and Duvha Power Station on March 20, 2023

Problems at Kusile have nothing to do with corruption: Ramokgopa

21 March 2023, 1:44 PM
Next Post
Ukrainian comedian and presidential candidate Volodymyr Zelensky reacts after the announcement of the first exit poll results in the second round of Ukraine's presidential election at his campaign headquarters in Kiev.

Comedian Zelensky wins Ukraine presidency in landslide

Most Viewed

  • 24hrs
  • Week
  • Month
  • NPA’s Andrew Breitenbach admits to leaking Zuma medical records to Maughan
  • SABC News crew attacked on N2 while monitoring protests
  • BREAKING | EFF members arrested after clashes with police in Braamfontein Sunday night
  • WARNING | Graphic details: Mabopane businessman killed in a hail of bullets
  • Police making progress in AKA’s murder case
  • Corporates prepare for a possible national blackout
  • NPA’s Andrew Breitenbach admits to leaking Zuma medical records to Maughan
  • SABC News crew attacked on N2 while monitoring protests
  • Wits SRC sued
  • E-tolls permanently scrapped: Lesufi
  • Two taxi owners assassinated in Durban
  • AmaZulu King pays tribute to Prince Mangosuthu Buthelezi
  • Shabangu deplores growing racism in the ANC
  • Drive-by shooting in Durban kills two, injures teenage girl
  • SACP describes EFF’s national shutdown as a victory

LATEST

  • Politics

LIVE | NA debates removal of Speaker, Phala Phala committee


SAPS handcuff and fingerprint sheet
  • South Africa

Two arrested in connection with attempted murder in Cape Town


coal mine
  • South Africa

Rapid climate change efforts needed: Creecy


Former President Jacob Zuma in court.
  • Politics

Friends of the court are attacking Zuma: Legal team


Food packed in a supermarket’s fridge.
  • Business

Food inflation increases to all-time high


SAPS personnel at a roadblock
  • National shutdown
  • South Africa

Visible policing helped manage national shutdown: Cele


Weather

  • About the SABC
  • Contact Us
  • Jobs
  • Advertise
  • Disclaimer
  • Site Map

SABC © 2023

No Result
View All Result
  • SOUTH AFRICA
  • POLITICS
  • BUSINESS
  • SPORT
  • AFRICA
  • WORLD
  • FEATURES
  • OPINION

© 2023

Previous ANC leaders out in full swing on Easter Weekend
Next Comedian Zelensky wins Ukraine presidency in landslide