Medium-term budget: Eskom debt plan in focus

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Medium-term budget: Eskom debt plan in focus
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Medium-term budget: Eskom debt plan in focus: Finance minister Enoch Godongwana is expected to announce a plan to take on part of power utility Eskom’s mammoth debt in his midterm budget on Wednesday, although analysts say the legally complex transfer…

Economists are also watching whether Godongwana unveils new support measures for the poor, as civil society groups have lobbied for the introduction of a universal basic income grant.

Some economists believe a temporary extension of the grant could be funded by higher-than-expected revenue from mining taxes.

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