Cosatu’s debt-rescue plan for battling power utility Eskom, which has already received support from both the public enterprises ministry and the president, should be broached with caution because it is likely to compound the state’s financial liabilities.

This is according to BNP Paribas, which is expecting power cuts by the embattled state-owned enterprise (SOE) to shave further growth from SA’s anaemic economy, resulting in the bank cutting its growth forecast for SA for 2020 to just 0.5% from 0.8% previously.

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