Tag: eskom debt

South Africa unlikely to sort out its debt in four years – Fitch.

We view the government's forecast of gross loan debt rising to 81.8% of GDP in FY21, much higher than the 65.6% in the original budget, as realistic. However, we believe its expectation that debt will peak at 87.4% in FY24 is optimistic. This would require sufficient fiscal consolidation to achieve a primary budget surplus in that year, which would be South Africa's first since 2008, towards the end of the commodity boom.

Eskom is running out time to get its house in order – economist

Nedbank Economist, Dennis Dykes joins CNBC Africa to unpack Eskom's debt crisis and results.

Jabu Mabuza: How Eskom plans to tackle its debt

Eskom's debt pile continues to grow and currently stands at R454 billion and incoming CEO, Andre de Ruyter knows a thing or two about reducing debt. But is this a billion too far perhaps?