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Eskom wants government to take on $7.2 billion of its debt

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Staff Writer | December 5, 2018
Eskom
Africa   Eskom is struggling to emerge from a financial crisis

South Africa's Eskom wants the government to take on 100 billion rand ($7 billion) of its debt as part of a turnaround plan to shore up its balance sheet, Eskom Chairman Jabu Mabuza told the Business Day newspaper.

Cash-strapped Eskom is struggling to emerge from a financial crisis characterised by declining electricity sales, ballooning debt and liquidity problems.


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