Oct 18

The DA in South Africa raises the alarm over Eskom and Transnet failures leading to a debt crisis

The DA in South Africa calls for structural reform and creative public-private partnerships to address Eskom and Transnet’s financial challenges. The party is concerned about the National Treasury’s negotiations with the World Bank for a 19-billion-rand loan to unbundle Eskom and upgrade Transnet’s locomotives. Concerns include a 6.5-percent growing budget deficit, Eskom’s history of state bailouts, and Transnet’s risk of defaulting on loan covenants. The DA’s Ghaleb Cachalia is doubtful about the government’s ability to service debt, projected to reach a staggering six-trillion-rand by 2025: