Eskom Wants South Africa to Take Over 50% of Debt: City Press
- Eskom says move will pave way for support from rich nations
- State-owned company’s debt stands at around 402 billion rand
Lights at night in the central business district of Johannesburg,
Photographer: Waldo Swiegers/BloombergThis article is for subscribers only.
Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter
South Africa’s state-owned power utility wants the government to take over about half of its debt so it can accept support pledged by rich nations to help reduce dependence on coal and cut emissions, City Press reported.