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Auditors Warn Eskom Debt Pressures May Lead to Tariff Increases

SOUTH AFRICA
  • Eskom's mounting debt pressure was discussed this morning by Parliament with repayments of R152 billion and interest repayments of R125 billion.
  • Local auditor said "I think it's very important going forward to get a clear plan when engagement is done with Eskom to hear how these debts are going to be repaid"
  • Argues that Eskom has two options - borrow from government or get the consumer to foot the bill through tariff increases.
  • Eskom management is expected to brief the committee in the coming days - EWN
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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