State-owned companies flagged among risks to current rating
04 November 2016 - 13:42
State-owned companies have R165-billion worth of debt that is linked to SA's sovereign rating‚ R10.6-billion of which would require additional guarantees and/or cash injections should the country's rating be downgraded to subinvestment grade‚ the head of Treasury's budget office Michael Sachs said Friday.
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