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 challenges is the National Treasury facing with credit ratings agencies?

What was the market's reaction to the current budget being delivered?