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Rashaad Tayob on the cost of Eskom’s debt restructuring

PUBLISHED: Fri, 15 Feb 2019 16:10:24 GMT

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According to Minister Pravin Gordhan, Eskom is technically insolvent and will need yet another bailout. In early February, we saw premium on Eskom’s 10-year bond narrow almost 100 basis points since the beginning of January but what is that premium likely to become budget day next week. Rashaad Tayob, Fund Manager at Abax Investments joins CNBC Africa for more.
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