South Africa pledges $5 bln Eskom bailout as budget creaks

South Africa pledges $5 bln Eskom bailout as budget creaks
21 February 2019, Cape Town — South Africa will bail out state utility Eskom with 69 billion rand ($4.9 billion) over three years, the centrepiece of a budget on Wednesday that exposed the limited room President Cyril Ramaphosa has to fix the economy ahead of an election in May. Ramaphosa, who is fighting rifts within his … More »
South Africa pledges $5 bln Eskom bailout as budget creaks South Africa pledges $5 bln Eskom bailout as budget creaks Reviewed by Crude Oil Facilitators on 10:41 Rating: 5

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