Eskom’s Cash Needs Could Strain South Africa’s Budget

Eskom’s Cash Needs Could Strain South Africa’s Budget

(Bloomberg) -- South African Finance Minister Tito Mboweni will have to balance the demands of a power utility that is struggling to keep the lights on with the need to rein in the deficit and stabilize the nation’s debt in his 2019-20 budget. Eskom Holdings SOC Ltd., which provides more than 90 percent of South Africa’s electricity, needs a cash injection to survive, a step which could widen the fiscal shortfall. Mboweni presents the budget to lawmakers in Cape Town later Wednesday.

©2019 Bloomberg L.P.