Eskom wants South Africa to take over 50% of debt: report

[BusinessTech]

Eskom wants South Africa to take over 50% of debt: report

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.

 

[Johnatan56]

Don't worry, it's only a "mere" 5% or so increase in debt, and would only bring South Africa's debt to GDP ratio from ~82% to ~87% overnight and near instantly result in another downgrade.

The problem here is that the loan is supposedly for Eskom as a whole, it should rather be IPP.

 

[ConfusedR]

The ANC should take this debt.
They caused it and now wants to blame De Ruyter for all problems. Pathetic

 

[Gordon_R]

Do they want the debt reduction before or after they split into 3 separate companies? Transmission and distribution are carbon neutral.

 

[rvZA]

Lol

 

[Lupus]

Which South Africans? The 10%that work and prop up the rest?

 

[ToxicBunny]

I'm going with a nope... The anc and the corrupt tenderpreneurs can take it.

 

[bwana]

30% - that's the magic number here.

 

[dualmeister]

 

[Ferog]

Mint one R500 billion coin and pay off the debt.

Don't come up with problems, come up with solutions!

 

[Mystic Twilight]

The debt problem would literally be resolved if the zupta stolen money was returned.