The South African government will help raise cash to fund utility Eskom’s purchases of diesel from February, when the power utility is expected to run out of money to purchase the fuel used to prevent blackouts.
Cabinet announced this week that Deputy President Cyril Ramaphosa will oversee the turnaround plans of Eskom, as well as South African Airways (SAA) and the South African Post Office (SAPO).
Link: http://www.moneyweb.co.za/moneyweb-south-africa/government-to-help-eskom-raise-cash-to-curb-power