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South Africa to loan $5 billion to ailing state power firm

about 2 years in Washington Times

JOHANNESBURG (AP) - South Africa's minister of finance says that the government will loan the troubled state power company, Eskom, 69 billion rand ($4.9 billion) to help it service its debts. Delivering the 2019 budget to parliament, Finance Minister Tito Mboweni said the loan would help Eskom provide a stable ...

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