Eskom debt plan promised

01 November 2020 - 06:21 By HILARY JOFFE

Eskom and the government are working on a solution to the power utility's unsustainable debt burden, which will be revealed before the end of this year, with public enterprises minister Pravin Gordhan on Friday promising to communicate this "in a month or so when we have a clearer idea".

Eskom, which had R484bn of debt on its balance sheet at its March year-end, has long said it needed to reduce this to R200bn, and the belated year-end results it published on Friday showed once again that it is not generating enough cash from its operations to cover the cost of servicing its debt...

This article is reserved for Sunday Times subscribers.

A subscription gives you full digital access to all Sunday Times content.

Already subscribed? Simply sign in below.

Registered on the BusinessLIVE, Business Day or Financial Mail websites? Sign in with the same details.



Questions or problems? Email helpdesk@timeslive.co.za or call 0860 52 52 00.