Mboweni announces plans to recapitalise SABC, Eskom and SAA

Finance Minister Tito Mboweni has announced plans to recapitalise the SABC, Eskom, Denel and South African Airways. Eskom will get 59 billion over the next two financial years. And the SABC will get three point two billion rand. The Finance Minister says he will announce the appointment of Chief Risk Officers for the entities tomorrow. The financial support measures will come from a Contingency Fund.

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