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MARKET WRAP: JSE firms on budget rescue plan for Eskom

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Pressure remains on the rand as SA awaits the greylisting announcement on Friday by the Financial Action Task Force

23 February 2023 – 19:57 Lindiwe Tsobo

The JSE broke a two-day losing streak on Thursday, as investors welcomed Eskom’s rescue plan outlined in finance minister Enoch Godongwana’s budget address on Wednesday.

The finance minister announced a three-year debt relief programme worth R254bn for the stricken power utility, though it comes with strict conditions. ..

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