(Bloomberg) -- South African Finance Minister Tito Mboweni will have to balance the demands of a power utility that is struggling to keep the lights on with the need to rein in the deficit and stabilize the nation's debt in his 2019-20 budget. Eskom Holdings SOC Ltd., which provides more than 90 percent of South Africa's electricity, needs a cash injection to survive, a step which could widen the fiscal shortfall. Mboweni presents the budget to lawmakers in Cape Town later Wednesday.
--With assistance from Sarina Yoo.
To contact the reporter on this story: Prinesha Naidoo in Johannesburg at pnaidoo7@bloomberg.net
To contact the editors responsible for this story: Rene Vollgraaff at rvollgraaff@bloomberg.net, Hilton Shone
©2019 Bloomberg L.P.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
