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Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
Of these, projects worth R2.6 billion have been approved by National Treasury’s Budget Facility for Infrastructure, with the remainder to be sourced from project owners’ equity and a significant component from debt capital markets. — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
The Infrastructure Fund aims to support projects in the energy, water, transport, digital and social infrastructure sectors. The Infrastructure Fund has packaged a number of catalytic infrastructure projects to the value of R21 billion. — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
Government has committed R100 billion to the Infrastructure Fund, including R10 billion over the MTEF period. The Fund will use government’s investment to leverage R1 trillion worth of infrastructure investment over the next ten years through blended finance initiatives. — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
This is intended to encourage greater involvement of concessional lenders in our public infrastructure effort and build a credible pipeline of social transformation projects over the short- to medium-term. — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
The Infrastructure Fund provides government support for the co-financing of projects that blend public and private capital resources. — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
Honourable Members, The #InfrastructureFund is an important part of our economic stimulus and recovery plan. This is because of the substantial contribution that infrastructure investment can make to economic growth and development. #RamaphosaQandA https://t.co/iS8uKmhJQx — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
─ using climate funding to repurpose and repower stations due for decommissioning. This work is taking place alongside efforts to accelerate initiatives to add more generation capacity to the grid through investments in gas, solar, wind and hydro power. — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
─ addressing Eskom’s debt to enable the required investments in maintenance and infrastructure, as announced by the Minister of Finance in the MTBPS; ─ implementing the just energy transition in line with the Nationally Determined Contribution declared at #COP26; and — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
─ coordinating efforts with law enforcement agencies to address sabotage, theft and fraud that continues to disrupt the operation of power stations; — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
─ focusing on 6 priority stations where the maximum benefit can be achieved by improved performance. These stations are Kendal, Majuba, Duvha, Matla, Kusile and Tutuka; — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
─ implementing reliability maintenance through a focus on quality of maintenance, recruitment of experienced staff, and the use of the original equipment manufacturers; — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
This work, which is being managed by the National Energy Crisis Committee, includes: ─ bringing the remaining two units at Kusile into commercial operation and expediting the return of Medupi unit 4; — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
As announced in the State of the Nation Address in February and in an address to the nation on 25 July this year, a range of initiatives are being pursued as a matter of urgency to address load shedding. — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
The new board has the skills, expertise and experience to undertake a thorough assessment of the current executive leadership at Eskom and take whatever steps they consider necessary to address areas of weakness. — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
The new Eskom board was appointed on 1 October 2022 and will be given the space to assess what needs to be done to improve the efficiency of the existing plant and the effectiveness of the management and operators at all levels. — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
With respect to the position of the Group CEO of Eskom, the current Group CEO was appointed on a 5-year contract in January 2020. The Group CEO reports to the Eskom board, which conducts performance reviews against agreed targets. — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
At an operational level, as a result of these challenges, power stations were run very hard with poor reliability maintenance and neglect of mid-life refurbishments. — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
This situation was made worse by the delay in building #Medupi and #Kusile, the faulty design of key components, state capture and corruption, and the loss of experienced staff. — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
Among the structural challenges are the fact that there was insufficient investment in new generation capacity when it was needed two decades ago, resulting in a national capacity shortage of between 4,000 and 6,000 MW. — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
Honourable Members, The causes of the recent load shedding are both structural and operational. #RamaphosaQandA https://t.co/iS8uKmhJQx — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
Regular engagements are taking place with relevant departments and treasuries to resolve all outstanding debt. https://t.co/iS8uKmhJQx — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
For the month of September 2022, as an example, the Department paid R575 million for property rates and municipal services and processed invoices to the value of R51 million to Eskom. https://t.co/iS8uKmhJQx — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
To assist municipalities across the country to pay what they owe Eskom, the Department of Public Works and Infrastructure pays the services charges and property rates for its properties on behalf of client departments. https://t.co/iS8uKmhJQx — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
Honourable Members, Debt owed to Eskom by municipalities and government departments stands at more than R50 billion. We have made it clear that non-payment for services is unacceptable and have taken steps to ensure that payment is recovered. https://t.co/iS8uKmhJQx — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
Replying to Questions in the National Assembly #RamaphosaQandA https://t.co/iS8uKm08rX — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
The road ahead will be long and challenging, but it is a road that we must walk together. It is a road that we must walk – together and with determination – so that the women and children of this country may live in safety, in peace and in happiness. https://t.co/Jphqmr7gOL — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
We have established critical institutions and mobilised significant resources. But there is much more that still needs to be done. We are not even close to where we want to be. We are confronted with an immensely difficult task. #endGBVF https://t.co/JphqmqPFqb — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
As we reflect on the progress of the last four years, we can count many successes. We have put the issue of violence against women and children firmly on the national agenda and at the forefront of the minds of many South Africans. https://t.co/gR6nYwdRLD — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
RT @CyrilRamaphosa: Addressing the 2nd Presidential Summit on Gender-Based Violence and Femicide #endGBVF https://t.co/0urG3lrCWu — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
That is why all of us who are attending this Summit must be focused on action and results. We need to be critical about those areas of the National Strategic Plan in which there has been little or no progress. #endGBVF https://t.co/ifHEWQ6ihl — PolitiTweet.org
