South African finmin says Treasury cannot afford Eskom bailout

South Africa's Finance Minister Malusi Gigaba looks on as he speaks during the Thomson Reuters economist of the year awards in Sandton, South Africa July 13, 2017. REUTERS/Siphiwe Sibeko

JOHANNESBURG (Reuters) - South Africa's Treasury cannot afford to bail out ailing state-run utility Eskom but will take unspecified action soon to tackle the company's challenges, Finance Minister Malusi Gigaba said on Thursday. Eskom, which supplies virtually all of the power for Africa's most advanced economy, has been embroiled in governance and graft crises and has delayed its interim results, a move that could see trading of its debt suspended on the Johannesburg bourse. (Reporting by Mfuneko Toyana; Writing by Ed Stoddard; Editing by Andrew Roche)