1 November 2019
Parliament has passed the Special Appropriation Bill and sent it to president Ramaphosa for assent.
The national assembly passed the bill and sent it to the national council of provinces for concurrence towards the end of October 2019.
The bill was tabled in parliament on 23 July 2019.
It is designed to make available additional funding for Eskom.
The bill aims to:
• appropriate an additional amount of money for the requirements of the Department of Public Enterprises to assist Eskom Holdings SOC Limited with its financial obligations and to provide for matters connected therewith.
R59 billion will be appropriated out of the National Revenue Fund over the next two years, R26 billion in the current financial year and R33 billion for the 2020/21 financial year to “assist Eskom with its financial obligations”.
The bill stipulates that the finance minister may impose conditions on Eskom to be met prior to transfer of the funds and must impose conditions to be met by Eskom after the transfer of any part of the amount.
The select committee on appropriations passed the bill without amendments.