Jyske Joins Futuregrowth, ‘Pulls Plug’ on S. Africa’s Eskom

  • Danish money manager moves to underweight on Eskom debt
  • Sees issues around lending, governance amid Gordhan-Zuma spat

Denmark’s Jyske Bank AS became the second money manager to say it won’t lend to South Africa’s Eskom Holdings SOC Ltd.’s after the nation’s biggest specialist fixed-income manager said it had stopped extending credit to state-owned companies amid concern about their governance.

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