Carol Paton Editor at Large

Eskom is to ask the government to take R100bn of its debt onto its own balance sheet as part of a package of measures to turn the troubled company around. While the move would give Eskom relief, it would add another 2% to the government’s debt-to-GDP ratio and could be seen as negative by credit ratings agencies. Currently, Eskom operates thanks to a R350bn debt guarantee from the government, which has been flagged as the biggest risk to the fiscus. If you are already a subscriber, please click on the following link to go to the full article: Eskom wants state to take on R100bn debt If you would like to subscribe to BusinessLIVE to read the full story, please click here.

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