Treasury to increase bond auctions to fund Eskom and tax deficit
Weekly fixed-rate bond auction levels will increase by R1.2bn to R4.5bn from August 6
31 July 2019 - 11:20
The Treasury plans to increase the size of its weekly bond auctions to fund Eskom's bailouts and an expected shortfall in tax collections.
Eskom, which has R440bn in debt and made a loss of R20.7bn for the past financial year, is seen as a key risk to the economy and the country’s public finances and credit rating...
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