CAPE TOWN - Eskom must sell off its finance company with a loan book of over R10-billion and consider salary cuts.
These are some of the conditions Treasury is mulling in exchange for a R59-billion bailout over the next two years.
Director-general Dondo Mogajane told Parliament the fiscus can't simply continue to rescue the power utility.
Treasury is still drafting the conditions for the first part of the bailout -- R26-billion in this financial year.
But some proposals are already on the table.
Mogajane says without the bailout, Eskom won’t have any cash in the bank by March next year and could require even more money.
MPs want to see what progress Eskom has already made to turn the ship around before it endorses the transfer.
Eskom is expected to appear before the committee next month before MPs will rubberstamp the bill.