Move Eskom debt to state balance sheet, says ex-Goldman head

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Power lines are seen in front of the Duvha coal-based power station owned by state power utility Eskom, in Mpumalanga. Picture: Mike Hutchings/Reuters
Power lines are seen in front of the Duvha coal-based power station owned by state power utility Eskom, in Mpumalanga. Picture: Mike Hutchings/Reuters

BUSINESS

South Africa can fix the balance sheet of its loss-making power utility by transferring its guaranteed debt to government’s balance sheet, according to the former CEO of Goldman Sachs Group in sub-Saharan Africa.

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