Government mulls new measures to support cash-strapped Eskom
Swapping the utility’s debt for government bonds and moving it to a special purpose vehicle are some of the options being considered
03 July 2019 - 09:31
The government is weighing additional options to support Eskom, including swapping the utility’s debt for government bonds and moving it to a special purpose vehicle, a senior official said.
Discussions are at an early stage, and it is not yet clear which option will be chosen to help Eskom, whose finances are in crisis and which implemented load-shedding across the country earlier in 2019 that have hurt local businesses...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
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.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.