Question NW854 to the Minister of Public Enterprises
24 April 2024 - NW854
Essack, Mr F to ask the Minister of Public Enterprises
What is the current status of Eskom meeting the deadline as set by the National Treasury for 31 March 2024 to sell the Eskom Finance Company, which is its subsidiary that offers home loans to its workers?
Reply:
According to the information received from Eskom:
Previous attempts to sell the Eskom Finance Company did not materialize. Eskom is in discussion with a potential acquirer, but it will take time as the acquirer will first have to perform a due diligence. The National Treasury is briefed on the matter. It is important that fair value is obtained by Eskom for the EFC.
Remarks: Approved / Not Approved
Ms Jacky Molisane PJ Gordhan, MP
Acting Director-General Minister
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