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How Treasury plans to short-circuit jitters over Eskom debt

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Treasury to talk to investors immediately after budget speech

The Treasury has mandated Citi and Nedbank to arrange a “nondeal” call with international investors directly after this week’s budget speech to update them on its debt relief plan for Eskom.

Analysts say it could be a move to calm market jitters ahead of Wednesday’s budget speech, in which it is widely expected that finance minister Enoch Godongwana will unveil plans to transfer a portion of Eskom’s R422bn debt load to the state’s balance sheet...

 

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