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.
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