A bailout for struggling South African state utility Eskom could reach as much as 150 billion rand ($10.79 billion) over 10 years, a senior National Treasury official told Reuters.
The Treasury said on Wednesday that it would provide Eskom with 69 billion rand of financial support over three years.
But Ian Stuart, a senior official at the budget office, told Reuters that Treasury had included in its national debt-to-GDP projections a further 23 billion rand of annual support to Eskom after that three-year period.
The final amount of support would depend on factors including economic growth, demand for electricity and the rate of reorganisation at Eskom, Stuart said.
South Africa's Eskom bailout could reach $10.79 billion
A bailout for struggling South African state utility Eskom could reach as much as 150 billion rand ($10.79 billion) over 10 years, a senior National Treasury official told Reuters.
The Treasury said on Wednesday that it would provide Eskom with 69 billion rand of financial support over three years.
But Ian Stuart, a senior official at the budget office, told Reuters that Treasury had included in its national debt-to-GDP projections a further 23 billion rand of annual support to Eskom after that three-year period.
The final amount of support would depend on factors including economic growth, demand for electricity and the rate of reorganisation at Eskom, Stuart said.
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