JOHANNESBURG –This week’s budget speech should clarify how government plans to deal with Eskom’s burgeoning debt.
National Treasury has pledged to take over as much as two-thirds of the SOEs R400-billion debt.
READ:Cosatu calls on Finance Minister to help relieve Eskom debt burden
Economists widely agree that economic growth and job creation are at the mercy of a well-functioning power utility.
But government needs to watch its balance sheet carefully as taking on Eskom’s debt will mean the state diving further into debt.
* eNCA’s Heidi Giokos reports.
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