South Africa may need to save indebted State firms, Finance Minister says

South Africa’s cash-strapped State companies may struggle to refinance their debts, requiring the government to provide support, Finance Minister Tito Mboweni said. The ten most-indebted State firms have an estimated R289.9-billion in loans maturing by the end of March 2025, Mboweni said in a written reply to a parliamentary question. Those include power utility Eskom Holdings, which has R401-billion in liabilities and has already received several bail-outs.