South Africa Treasury and Eskom woes send investors packing

Money is pouring out of South African assets amid national Treasury upheaval and a warning from state owned electricity company Eskom that its liquidity levels are below where the company wants them amid a tough funding environment.

  • By Michael Turner
  • 14 Nov 2017

Fear rattled through South African securities on Monday after Michael Sachs, the deputy director general of the country's budgetary office, resigned, though he will not leave immediately. Meanwhile, Eskom partially confirmed local media reports about its perilous liquidity position.

“Our liquidity levels are not at the desired ...

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