Original version

BBC World Service News Internet

World Business Report

Factual: Money

The latest business and finance news from around the world, on the BBC

The latest business and finance news from around the world, on the BBC.

BBC World Service East and Southern Africa Schedule

BBC World Service East and Southern Africa

BBC World Service schedule for American satellite radio and the Caribbean

BBC World Service Americas and the Caribbean

BBC World Service

BBC World Service Online

BBC World Service South Asia

BBC World Service Europe and the Middle East

BBC World Service West and Central Africa Schedule

BBC World Service West and Central Africa

BBC World Service East Asia

World Business Report: First broadcast 2019/02/20 15:32 GMT: South Africa budget: state energy firm granted $5bn bailout

Bulletins

South Africa Budget: State Energy Firm Granted $5bn Bail Out

First broadcast 2019/02/20 15:32 GMT

First broadcast 2019/02/20 15:32 GMT: South Africa budget: state energy firm granted $5bn bailout

South Africa budget: state energy firm granted $5bn bailout

BBC World Service - World Business Report, South Africa budget: state energy firm granted $5bn bailout

The South African government has rescued Eskom with a multi-billion dollar bailout

The economic picture is grim in South Africa, 11 weeks before its general election. Add to that the state-owned energy firm Eskom, which is at risk of collapse under a huge mountain of debt and you see the scale of the task facing finance minister Tito Mboweni in his latest budget. We get reaction from George Glynos in Johannesburg. Around 19 million Russians are now believed to be living below the poverty line. In his annual state of the nation address, President Putin has promised to do more to address that. Ann Simmons, Moscow bureau chief for the Wall Street Journal, explains why Putin is demanding that Russia become more business-friendly. Glencore, the giant mining and commodity trading group, has promised to limit coal production following investor pressure. Will they eventually abandon coal altogether? A question for George Cheveley, an Investec fund manager specialising in natural resources. Plus, the BBC's Howard Mustoe has been finding out about the City of London's livery companies, which have been guarding their members' trades for centuries.

(Photo: South Africa Finance Minister Tito Mboweni presents the 2019 budget. Credit: Getty Images.)

Accessibility links

Programme Index

World Business Report

First broadcast 2019/02/20 15:32 GMT: South Africa budget: state energy firm granted $5bn bailout

Genres

Formats

Brand

BBC World Service News Internet

About BBC World Service