Several, large, state-owned entities (SOEs) are unlikely to meet their future debt obligations and might have to rely on the fiscus, finance minister Tito Mboweni said on Wednesday.

SOE’s medium-term debt redemptions were highlighted by the Treasury in the February Budget Review as one of the risks to the government’s fiscal framework credit ratings agencies are sceptical will be maintained. Eskom’s debt now totals R401bn, while other SOEs, such as Denel, are also heavily indebted...

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