South Africa Won’t Consider Quantitative Easing to Help Eskom
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South Africa’s government won’t consider using quantitative easing to help rescue troubled state power utility Eskom Holdings SOC Ltd., Deputy Finance Minister David Masondo said.
“I don’t believe that something like quantitative easing will be able to help Eskom as the situation between South Africa and other countries is totally different,” Masondo told lawmakers in Cape Town on Wednesday. “Countries that have used quantitative easing had zero percent interest rates and that is not the situation here.”