Comment on South Africa giving billions to struggling state-owned firms

South Africa giving billions to struggling state-owned firms

JOHANNESBURG (AP) — South Africa on Wednesday announced an additional $3.5 billion in government spending for struggling state-owned power utility Eskom and national carrier South African Airways over the next three years as the country’s weak economy faces an electricity crisis. Finance Minister Tito Mboweni also announced an additional $15 billion over the next 10 years for restructuring the energy sector.Read more on NewsOK.com

 

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