South Africa state asset sale to wrap up this month: Nene

by Reuters 10 views0

Supply chain hold-ups affecting S.Africa's municipal performance

South Africa’s government expects to conclude the sale of state assets to raise 23 billion rand (two billion US dollars) in financing for cash-strapped power utility Eskom this month, Finance Minister Nhlanhla Nene said on Thursday.

(READ MORE: S.Africa cabinet approves Eskom rescue package)

“We are anticipating the resources coming through during the month of June,” Nene told Reuters on the sidelines of the World Economic Forum Africa in Cape Town. The government was “on track” to meet its capital-raising target, he added.