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Godongwana Says S. Africa Will Stagger Eskom Debt Takeover: RTRS

SOUTH AFRICA

South Africa's government will take on a portion of struggling state utility Eskom's debt in a staggered manner to avoid a spike in the country's debt-to-GDP ratio, Finance Minister Enoch Godongwana said on Thursday.


The Minister earlier told the delegation that an "appropriate announcement" on Eskom would be made in February, when he will present the 2023 budget:
  • We can have nice policy on paper, if we can't provide electricity it's useless (RTRS)
  • We'll make appropriate announcement on 22 February (RTRS)

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