Eskom’s gross debt rises to R480bn

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South Africa needs to get private power suppliers on board if it is to avoid a mining meltdown. Picture: iStock/Gallo Images
South Africa needs to get private power suppliers on board if it is to avoid a mining meltdown. Picture: iStock/Gallo Images

BUSINESS

Eskom’s gross debt surged to R480 billion after the struggling state-owned power utility borrowed from its lines of credit, according to documents seen by Bloomberg.

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