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Eskom debt climbed to R488bn at year end

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South Africa Headlines News

Eskom is stuck in a classic debt trap in which it must borrow to repay debt, with the debt service costs including a capital payment of R31.5bn

Eskom’s debt stood at R488bn at the end of March, an increase from R440bn at the 2019 year end, pre-audit figures presented to parliament showed on Wednesday.

A draft of a cash-flow statement was presented to the standing committee on appropriations on Wednesday.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

 

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