Tito: Eskom debt = mining, agric sectors combined; Maimane infected by Steinhoff; Petrol price up 18c

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As its board of directors weigh their short-list for a new CEO where Andy Calitz (pictured) is a frontrunner, Eskom received welcome support over the weekend from the head of the African Development Bank.
Eskom was also high on the agenda at the ANC’s National Executive Committee meeting where finance minister Tito Mboweni’s explained its debt is the same size as SA's entire min ing and agricultural sectors combined.
On the other side of the political house, Mmusi Maimane, leader of the Democratic Alliance, has become infected with Steinhoff virus after accepting a car from the company’s disgraced former CEO Markus Jooste.
The attacks earlier this month which knocked out half of Saudi Arabia’s production facilities – and pushed the oil price higher – have been blamed for what will be an 18c a litre rise in South Africa’s petrol price. Diesel will rise by 25c a litre. Learn more about your ad choices. Visit megaphone.fm/adchoices
29 Sep 2019 8AM English South Africa Investing · Business News

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