With little detail about Eskom’s debt plan expected, budget could disappoint

Enoch Godongwana, South Africa's finance minister, speaks during an interview following the mid-term budget in Cape Town, South Africa, on Wednesday, Oct. 26, 2022.

South Africa is hiring an independent contractor to advise on conditions it should attach to debt relief for state-owned power utility Eskom Holdings SOC Ltd., Godongwana said. Photographer: Dwayne Senior/Bloomberg via Getty Images

IMF will clean it up!

Only in ANC run South Africa can a company supplying an essential product with zero competition go into that much debt

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With little detail about Eskom’s debt plan expected, budget could disappointWith little detail about Eskom’s debt plan expected, budget could disappoint - The utility’s R400 billion debt has fed into the country’s 15-year energy crisis and low growth potential, which has been identified as a key credit weakness
Source: mailandguardian - 🏆 2. / 92 Read more »

With little detail about Eskom’s debt plan expected, budget could disappointWith little detail about Eskom’s debt plan expected, budget could disappoint - The utility’s R400 billion debt has fed into the country’s 15-year energy crisis and low growth potential, which has been identified as a key credit weakness
Source: mailandguardian - 🏆 2. / 92 Read more »