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South Africa announces $1.6bn bailout to keep lights on

South Africa’s Finance Minister Tito Mboweni announced Wednesday a $1.6 billion-a-year bailout for the country’s electricity utility in a bid to stave off further downgrades to Pretoria’s credit rating as he unveiled a new budget.
The post South Africa announces $1.6bn bailout to keep lights on appeared first on The Guardian Nigeria News – Nigeria and World News. …

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