London — SA has laid out a timeline for the restructuring of Eskom Holdings and pledged that creditors of the state-owned electricity company won’t suffer losses, according to a fund manager who attended a briefing by the head of the Treasury.

Treasury director-general Dondo Mogajane set out the steps in a meeting with investors in London on Tuesday, according to the person, who asked not to be identified because the event wasn’t public. The Treasury declined to comment, saying the meeting “was held behind closed doors”.

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