The Reserve Bank has ruled out lending money to Eskom as it’s not allowed to by law and because it won’t make the embattled utility’s debt magically disappear anyway, governor Lesetja Kganyago has said.
“Let’s suppose some rogue governor was in place and decides to do it and buy Eskom debt, the debt doesn’t disappear,” Kganyago said on Friday at the Bank’s AGM in Pretoria...
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