With little detail about Eskom’s debt plan expected, budget could disappoint

KevinFebruary 20, 2023

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Enoch Godongwana, South Africa’s finance minister, speaks during an interview following the mid-term budget in Cape Town, South Africa, on Wednesday, Oct. 26, 2022. South Africa is hiring an independent contractor to advise on conditions it should attach to debt relief for state-owned power utility Eskom Holdings SOC Ltd., Godongwana said. Photographer: Dwayne Senior/Bloomberg via Getty Images

Since Finance Minister Enoch Godongwana announced last year that the government would relieve Eskom of a large portion of its debt, markets have been on the edge of their seats waiting for more detail.

Sarah Smit

Sarah Smit is a general news reporter at the Mail & Guardian. She covers topics relating to labour, corruption and the law.