EDITOR’S LUNCHBOX: Eskom is borrowing from lenders to pay other lenders
Another option for Eskom is issuing 10-year zero coupon bonds to the PIC in exchange for R100bn in cash, so canceling its debt
Stories of Note
Bytes from the digital world
A services group bribed union bosses to implement stoppages at mines until catering tenders were awarded to it, one of its former senior executives tells the state-capture inquiry.
The roles of former Transnet executives, including Siyabonga Gama, Brian Molefe, and Anoj Singh in the state-capture scandal may finally be aired in court.
In My Opinion
Matters of debate
That Eskom could fail is now a real prospect, dragging SA into penury with it. Carol Paton asks how a bailout can be done.
Sygnia CEO Magda Wierzycka suggests kicking the can of Eskom’s R100bn debt down the road by selling 10-year zero coupon bonds to the government pension fund.
The long and the short of the markets
Retail prices were slashed on the JSE on Thursday.
Sibanye-Stillwater’s ability to weather the gold strike stems from it no longer actually being a South African gold mining company.
Oh, Very Twitty
The lighter side of the web
Graph of the day
This is an era in which airlines are recording record profits, while SAA is recording record losses.