South Africa: Dark Times Ahead? Cash-Strapped Power Utility Needs Massive Govt Bailout

business and economy
[allAfrica] Cape Town -In light of festive season power cuts, Eskom's woes continue to mount. The embattled power utility plans to ask the government to absorb about R100 billion - nearly U.S.$7.2 Billion - of its debt in order to rescue it from bankruptcy, according to a Business Day report.

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