South Africa’s Power Utility Refutes Cash-Crunch Reports

JOHANNESBURG – South African power producer Eskom is not facing liquidity challenges, the utility said on Sunday, after media reports alleging it would be unable to pay salaries by November. Eskom, which produces nearly all of the electricity in Africa’s most industrialised economy and exports energy to neighbouring states such as Namibia, is backed by more than $10 billion in government guarantees.

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