Ask Nedbank Group CEO Mike Brown how to save beleaguered Eskom and his approach is simple: first, give it cash and then consider a debt-to-equity swap later.

Eskom is paying so much in interest on its debt — at the same time that its income is falling — that the company is struggling to keep the country’s lights on. To ease the firm’s cash-flow woes, the government is planning a R230bn bailout. While the state initially wanted to spread that over 10 years, a significant portion is now being expedited, with details expected from National Treasury on July 23...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.