Eskom Debt Relief Act

1. In this Act, unless the context indicates otherwise— ‘‘Eskom’’ means Eskom Holdings SOC Ltd; ‘‘Minister’’ means the Cabinet member responsible for finance; and ‘‘relevant Parliamentary Committees’’ means the Standing Committee on Appropria- tions of the National Assembly and the Select Committee on Appropriations of the National Council of Provinces. Direct charges for requirements of Eskom 2. (1) The following amounts for the requirements of Eskom are direct charges against the National Revenue Fund and attributed to the vote of the National Treasury: (a) R78 billion for the 2023/24 financial year; (b) R66 billion for the 2024/25 financial year; and (c) R40 billion for the 2025/26 financial year. (2) (a) The National Treasury must advance the amounts envisaged in subsection (1) as a loan to Eskom on the dates determined by the Minister. (b) The Minister must determine conditions for the conversion of a portion or portions of the amount of the loan for each financial year into ordinary shares issued by Eskom to the State. (c) When the Minister informs Eskom, in writing, that he or she is satisfied that Eskom has met the conditions for the conversion of any portion of the amount of the loan for a financial year, Eskom must issue ordinary shares to the State equal to the value of the portion of the amount. (d) The Minister and Eskom must, in writing, agree on— the implementation of paragraphs (a) to (c); and (i) (ii) other arrangements to give effect to subparagraph (i). (e) The National Treasury must, to the relevant Parliamentary Committees, report on compliance with the conditions and disclose the amounts of the conversion. in its next quarterly report (3) In addition to the amount envisaged in subsection (1)(c), for the 2025/26 financial year, R70 billion of the debt of Eskom is a direct charge against the National Revenue Fund through a debt takeover arrangement as determined by the Minister. 5 10 15 20 25 30 This gazette is also available free online at www.gpwonline.co.za umthetho Wezwelo lesikolodo se-Eskom, ka 2023 3 STAATSKOERANT, 7 July 2023 No. 48915 3 ino 07 ka 2023 (English text signed by the President) (Assented to 5 July 2023) UMTHETHO Ukuqalelela imbadalo yabunqopha esiKhwameni seNgeniso yeNarha malungana nezwelo lesikolodo sekhamphani i-Eskom Holdings SOC Ltd kanye nokuqalelela ezinye iindaba eziphathelene nalokhu. UMTHETHO UNGAPHASISWA yiPalamende yeRiphabliki yeSewula Afrika, ngendlela elandelako:— Ihlathululo

1. Ngaphakathi komThetho lo, ngaphandle kwalapho ubujamo butshwaya okuhlukileko— ‘‘i-Eskom’’ kuhlathulula ikhamphani i-Eskom Holdings SOC Ltd; ‘‘uNgqongqotjhe’’ kuhlathulula ilunga leKhabhinethi elitjheje iindaba zeemali; begodu ‘‘iinKomidi zePalamende ezifaneleko’’ kuhlathulula iKomidi yasaFuthi yokwabiwa kweemali yesiBethamthetho seNarha kanye neKomidi eKhethekileko yoKwabiwa kweemali yomKhandlu weemFunda. 5 10 Iimbadalo zabunqopha zeemfuno ze-Eskom 2. (1) Amanani wemali alandelako la weemfuno ze-Eskom aziimbadalo zabunqopha esiKhwameni seNgeniso yeNarha begodu akhambisana nevowudi neZiko lezeeMali zeNarha: (a) (b) (c) Nemali ema-R40 billion yomnyakamali ka-2025/26. Imali ema-R78 billion yomnyakamali ka-2023/24; Imali ema-R66 billion yomnyakamali ka-2024/25; begodu (2) (a) IZiko lezeeMali zeNarha kufanele liragele phambili namanani wemali (1) njengemalimboleko ku-Eskom emalangeni abekwe ahlongozwe esigatjaneni nguNgqongqotjhe. (b) UNgqongqotjhe kufanele abeke imibandela yokutjhugululwa kwengcenye nofana lemalimboleko kwaqobe mnyakamali ngamunye zibe zizabelo iingcenye zenani ezijwayelekileko ezikhutjhelwa umBuso zikhutjhwa yi-Eskom. (c) Lokha uNgqongqotjhe azisa i-Eskom, ngomtlolo bonyana wanelisekile ngokuthi i-Eskom ilandele imibandela yokutjhugululwa kwananyana ngiyiphi ingcenye yenani lemalimboleko yomnyakamali, i-Eskom kufanele ikhuphe izabelo ezijwayelekileko eziya emBusweni nezilingana nenani lengcenye yemali. ekuphumeleliseni indima (a) ukufikela ku-(c); begodu (d) UNngqongqotjhe kanye ne-Eskom kufanele bavumelane ngomtlolo— (i) (ii) nangamanye amahlelo wokupha indinyana (i) amandla. (e) IZiko lezeeMali zeNarha kufanele libike ukuthotjelwa kwemibandela begodu liveze ngaphambili amanani wemali atjhugululwako, embikweni walo waqobe yikotara eenKomidini zePalamende ezifaneleko. (3) Ngaphezu kwenani lemali ehlongozwe esigatjaneni (1)(c), somnyakamali ka-2025/26, imali ema-R70 billion yesikolodo se-Eskom iyimbadalo yabunqopha esiKhwameni seNgeniso yeNarha ngokusebenzisa amahlelo wokuthathwa kwesikolodo njengokuqunta kukaNgqongqotjhe. 15 20 25 30 35 This gazette is also available free online at www.gpwonline.co.za

4 No. 48915 GOVERNMENT GAZETTE, 7 July 2023 Act no. 7 of 2023 Eskom Debt Relief Act, 2023 4 Delegations and authorisations 3. (1) The Minister may— (a) delegate to an employee of the National Treasury any power conferred on the Minister in terms of this Act; and (b) authorise an employee of the National Treasury to perform any duty imposed 5 on the Minister in terms of this Act. (2) A delegation or authorisation in terms of subsection (1)— (a) must be in writing; (b) is subject to any limitations or conditions that the Minister may impose; (c) may authorise the employee contemplated in subsection (1) to sub-delegate, the delegated power or authorised duty to another suitable in writing, employee of the National Treasury; (d) does not divest the Minister of the responsibility concerning the exercise of the delegated power or the performance of the authorised duty; and (e) may be withdrawn by the Minister in writing. (3) The Minister may vary or revoke any decision taken by an employee as a result of a delegation or authorisation in terms of subsection (1), subject to any rights that may have vested as a result of the decision. Short title

4. This Act is called the Eskom Debt Relief Act, 2023. 10 15 20 This gazette is also available free online at www.gpwonline.co.za umthetho Wezwelo lesikolodo se-Eskom, ka 2023 STAATSKOERANT, 7 July 2023 No. 48915 5 ino 07 ka 2023 5 Ukuphiwa amandla nokugunyazwa 3. (1) UNgqongqotjhe anga— (a) gunyaza isisebenzi seZiko lezeeMali zeNarha nanyana ngimaphi amandla aphiwe uNgqongqotjhe ngokomThetho lo; begodu (b) agunyaze isisebenzi seZiko lezeeMali zeNarha bona senze nanyana ngimuphi 5 umsebenzi onikelwe uNgqongqotjhe ngokomThetho lo. (2) Ukuphiwa amandla nofana ukugunyazwa ngokwesigatjana (1)— (a) kufanele kube ngomtlolo; (b) kube ngokulawulwa ngeminye neminye imikhawulo nofana imibandela enikelwe nguNgqongqotjhe; (c) kungagunyaza isisebenzi esihlathululwe esigatjaneni (1) bona sikwazi ukugunyaza ngomtlolo, esinye isisebenzi esifaneleko seZiko lezeeMali zeNarha ngamandla esiphiwe nofana umsebenzi esigunyazelwe wona; (d) akasusi isibopho sikaNgongqotjhe esiphathelene nokusebenzisa amandla aphiwe wona nofana sokwenza umsebenzi ogunyaziweko; begodu (e) kungarhoqiswa nguNgqongqotjhe ngomtlolo. (3) UNgqongqotjhe angahluka nofana asuse nanyana ngisiphi isiqunto esithethwe sisebenzi ngomphumela wokuphiwa amandla kanye nokugunyazwa ngokwesigatjana (1), ngokulawulwa nanyana ngimaphi amalungelo angaba nawo ngomphumela wesiqunto. 10 15 20 Isihloko esifitjhani

4. UmThetho lo ubizwa ngomThetho weZwelo lesiKolodo se-Eskom, womnyaka ka-2023. This gazette is also available free online at www.gpwonline.co.za

6 No. 48915 GOVERNMENT GAZETTE, 7 July 2023 This gazette is also available free online at www.gpwonline.co.za STAATSKOERANT, 7 FEbRuARiE 2023 No. 48915 7 This gazette is also available free online at www.gpwonline.co.za

8 No. 48915 GOVERNMENT GAZETTE, 7 July 2023 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