Carol Paton Writer at Large
Eskom chairman Jabu Mabuza and Phakamani Hadebe. Picture: FREDDY MAVUNDA
Eskom chairman Jabu Mabuza and Phakamani Hadebe. Picture: FREDDY MAVUNDA

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.

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