Eskom Debt Relief Amendment Act

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Jurisdiction: South Africa
Instrument: Act or statute
Citation: Act 5 of 2024
Version: Undated source snapshot
Language: en
Updated: 4 Apr 2024
Official source: View official record ↗

amendment debt relief interest loan repayment ministerial adjustment power reporting

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About this statute

This provision amends Section 2 of the Eskom Debt Relief Act, 2023. It requires Eskom to pay interest on loan amounts at a rate set by the Minister, and lets the Minister reduce unpaid amounts if Eskom does not comply with a specified condition. This section names the Act as the Eskom Debt Relief Amendment Act, 2024. Eskom must pay loan instalments at a rate set by the Minister. If Eskom does not comply with the stated conditions, the Minister may reduce proposed amounts, subject to limits and reporting. This section gives the name of the law as the Eskom electricity-related law for 2024. This text contains gazette publication details only and no operative rule text.

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Provisions of Eskom Debt Relief Amendment Act

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1
Section 2 of the Eskom Debt Relief Act, 2023, is hereby amended—
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AI-assisted research summary: This provision amends Section 2 of the Eskom Debt Relief Act, 2023. It requires Eskom to pay interest on loan amounts at a rate set by the Minister, and lets the Minister reduce unpaid amounts if Eskom does not comply with a specified condition.

1. Section 2 of the Eskom Debt Relief Act, 2023, is hereby amended— (a) by the insertion in subsection (2) after paragraph (a) of the following 5 paragraph: ‘‘(aA) Eskom must pay interest on the amounts advanced as a loan, in terms of paragraph (a), at the rate determined by the Minister.’’; and (b) by the addition of the following subsection: ‘‘(4)(a) If Eskom fails to comply with a condition determined in terms of subsection (2)(b), the Minister may, after consultation with Eskom, reduce amounts envisaged in subsection (1). (b) The reduction in terms of paragraph (a)— applies to the portion of the amount not yet advanced to Eskom; (i) (ii) may not exceed ﬁve percent of the total amount for the applicable 10 15 ﬁnancial year; and (iii) must be disclosed in the National Treasury’s next quarterly report to the relevant Parliamentary Committees.’’. Short title
2
This Act is called the Eskom Debt Relief Amendment Act, 2024.
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AI-assisted research summary: This section names the Act as the Eskom Debt Relief Amendment Act, 2024.

2. This Act is called the Eskom Debt Relief Amendment Act, 2024. 20 This gazette is also available free online at www.gpwonline.co.za isikhibelelo somthetho wezwelo lesikolodo se-Eskom, 2024 3 STAATSKOERANT, 8 ApRil 2024 No. 50452 3 inani no. 05 ka 2024 INOTHI ESIHLATHULULIZOMBELELE: [ ] atlolwe Amagama ngaphakathi ngokunzima kweembayana eziziinkwere atshwaya okutjhiywe ngaphandle emithethweni ekhona. Amagama okukhitjelelweko emithethweni ekhona. athalelwe ngomuda obanzi atshwaya khulu lokho (English text signed by the President) (Assented to 4 April 2024) UMTHETHO Ukukhibelela umThetho weZwelo lesiKolodo se-Eskom, womnyaka wee-2023, ukwenzela ukuqalelela bona i-Eskom ibhadala amakonyana wamanani wemali ewanikelwe njengesikolodo; ukuqalelela amandla kaNgqongqotjhe wezeeMali ukwenzela ukuphungula amanani weemfuno ze-Eskom lapho kungakathotjelwa khona imibandela, begodu nokuqalelela iindaba ezikhambisana nalokho. UMTHETHO UNGAPHASISWA yiPalamende yeRiphabliki yeSewula Afrika, ngendlela elandelako:— Ukukhitjelelwa kwesigaba 2 somThetho we-7 womnyaka wee-2023
1
Isigaba 2 somThetho weZwelo lesiKolodo se-Eskom, womnyaka wee-2023,
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AI-assisted research summary: Eskom must pay loan instalments at a rate set by the Minister. If Eskom does not comply with the stated conditions, the Minister may reduce proposed amounts, subject to limits and reporting.

1. Isigaba 2 somThetho weZwelo lesiKolodo se-Eskom, womnyaka wee-2023, ngalokhu siyakhitjelelwa— (a) ngokuhlomelela esigatjaneni (2) ngemva kwendima (a) yendima elandelako: ‘‘(aA) I-Eskom kufanele ibhadale amakonyana wamanani wemali enikelwe yona njengesikolodo, ngokwendima (a), ngesilinganiso esi- bekwe nguNgqongqotjhe.’’; begodu (b) ngokungezelela isigatjana esilandelako: ‘‘4(a) Nangabe i-Eskom ihluleka ukuthobela imigomo ebekwe ngokwesigatjana 2(b), ngemuva kokubonisana ne-Eskom, uNgqo- ngqotjhe angaphungula amanani wemali ahlongozwe esigatjaneni (1). (b) Ukuphungulwa ngokwendima (a)— (i) kusebenza engcenyeni yenani lemali engakanikelwa i-Eskom; akukafaneli kweqe amaphesende amahlanu wenani (ii) elipheleleko lomnyakamali ofaneleko; begodu lemali (iii) kufanele kuvezwe tjhatjhalazi ngaphakathi kombiko wekotara eenkomidini zeNarha oya elandelako weZiko lezeeMali zePalamende ezifaneleko.’’. Isihloko esiﬁtjhani
2
UmThetho lo ubizwa ngesiKhibelelo somThetho weZwelo lesiKolodo se-Eskom,
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AI-assisted research summary: This section gives the name of the law as the Eskom electricity-related law for 2024.

2. UmThetho lo ubizwa ngesiKhibelelo somThetho weZwelo lesiKolodo se-Eskom, womnyaka wee-2024. 5 10 15 20 This gazette is also available free online at www.gpwonline.co.za
4
No. 50452
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AI-assisted research summary: This text contains gazette publication details only and no operative rule text.

4 No. 50452 GOVERNMENT GAZETTE, 8 ApRil 2024 This gazette is also available free online at www.gpwonline.co.zaPrinted by and obtainable from the Government Printer, Bosman Street, Private Bag X85, Pretoria, 0001Contact Centre Tel: 012-748 6200. eMail: info.egazette@gpw.gov.zaPublications: Tel: (012) 748 6053, 748 6061, 748 6065

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Eskom Debt Relief Amendment Act

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