Rand Tumbles as South African Budget Includes Eskom Bailout

The video discusses the South African budget, highlighting a 69 billion Rand cash injection for Eskom over three years. This funding will come from a reduction in the wage bill. Concerns are raised about potential credit rating downgrades, with the Finance Minister addressing these issues and the National Treasury engaging in discussions with credit rating agencies. The market's reaction to the budget is not positive.

What is the total amount of cash injection Eskom is set to receive over the next three years?

• 69 billion Rand

• 30 billion Rand

• 50 billion Rand

• 100 billion Rand

How does the government plan to fund the cash injection for Eskom?

• By selling state assets

• By borrowing from international banks

• By cutting the wage bill

• By increasing taxes

What percentage of the national budget does the wage bill cut represent?

• 50%

• 35%

• 10%

• 25%

What is the potential consequence if Moody's downgrades the sovereign credit rating to junk?

• Improved credit score

• Inclusion in more indices

• Increased foreign investment

• Higher interest rates on loans

How is the market reacting to the current budget presented by the Finance Minister?

• Enthusiastically

• Negatively

• Indifferently

• Positively