ECONOMIC WEEK AHEAD: Eskom’s debt mountain and local inflation in focus
With SA’s last sovereign-grade credit rating hanging by a thread, MPs will be updated on Eskom bailout on Tuesday
21 July 2019 - 15:13
Further details on Eskom’s bailout may be the major local event in the economic news this week, as SA waits to see how much the government gives to the struggling power utility to alleviate its cash flow woes.
Finance minister Tito Mboweni said earlier in July that a special appropriation bill would be tabled in parliament on Tuesday, and it could see billions of rand allocated to Eskom as it grapples with interest payments on its R400bn debt burden...
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