Sovereign defaults would also harm Hypo Real Estate, a bust German property and public-finance bank that is now owned by the state.

主权违约也将损害海波房地产，它是德国一家破产的财产和公共金融银行，现属国家所有。

youdao

But this figure is dwarfed by what is left, estimated at about 150 billion rand in public companies by Mr Radebe this week and 120 billion rand in state-owned property.

ECONOMIST: The painful privatisation of South Africa