Restructuring of Eskom debt inevitable
Businessman Norman Mbazima confident a solution will eventually be found to bring relief for cash-strapped power utility
A restructuring of Eskom's more than R440bn debt load is inevitable and the only issue is deciding on the distribution of the costs, according to one of the country’s top business people.
“I don’t think anybody is in any denial that Eskom’s debt has to be restructured,” Norman Mbazima, nonexecutive chairman of Anglo American Platinum, said in an interview. “It’s just a tough thing about how it’s going to be restructured. In the end, who’s going to pay?”