SOUTH AFRICA: CONSIDERING FINANCIAL ASSET PRESCRIPTION TO BAIL OUT THE POWER SECTOR

SOUTH AFRICA: CONSIDERING FINANCIAL ASSET PRESCRIPTION TO BAIL OUT THE POWER SECTOR

   Thu, 22 August 2019

Just weeks away from publishing its much-anticipated master plan for the struggling power sector, the government is considering prescribing financial assets and forcing pension funds and banks to invest in state utilities’ debt as an alternative to seeking IMF support. However, the government’s intention to renew nuclear power capability may be more considered and economically prudent than previous nuclear procurement plans.



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