Ramaphosa says govt has 'grand plan' to save Eskom

President Cyril Ramaphosa says he will be announcing plans to save Eskom.

JOHANNESBURG - President Cyril Ramaphosa says it's too early for South Africans to panic, as his government has a grand plan to solve the Eskom power crisis.

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While speaking to eNCA reporter, Annika Larsen, Ramaphosa said he'll announce more plans to save the power utility on Thursday.

The Department of Public Enterprises has said Eskom is technically insolvent and will cease to exist at the current trajectory by April 2019.

Debt at the power utility which stood at R380-billion at the beginning of last year has since ballooned to over R419-billion.

Source
eNCA