Treasury satisfied with handling of Eskom affairs
National Treasury says the manner in which it dealt with Eskom is a good indicator of how problems can be resolved.
JOHANNESBURG – The National Treasury says the manner in which it dealt with Eskom is a good indicator of how problems can also be resolved to avoid a credit rating downgrade.
Treasury Director-General Lungisa Fuzile says they allowed for help from the private sector to deal with the country's energy problems.
Fuzile was speaking at a thought leadership discussion in Rosebank on Monday night.
He says the private sector invested over R200 billion, some of which came from foreign investments.
The director-general says South Africans and all its sectors need to build and work together in dealing with the weakening economy.
“We always have to be at the precipice of our best for us to be able to work together. We did this in the 90s, we rose to the occasion and produced one of the most wonderful constitutions, and of course until the crisis hit and our ratings took a knock.”
(Edited by Tamsin Wort)