Eskom wants state to take on R100bn debt

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Eskom is to ask the government to take R100bn of its debt onto its own balance sheet as part of a package of measures to turn the troubled company around.

 

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These guys need to be fired,they don't know what they are doing. They are full of excuses

Hahahaha..🤗🤔

This is just a joke year after year they need to be bailed out while staff are getting huge bonuses and while we have to put up with power failures every day.

what?

And the fat cats keep their fat cheques. That's Msansi for you. Alooter continua.

Either way the only ones getting screwed over is the consumer, AGAIN!!

It has been turned around a zillian times it is tired of the spinning.

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Eskom wants the state to take on R100bn debtStruggling state-run power firm Eskom wants the government to take on R100 billion of its debt as part of a turnaround plan to shore up its balance sheet, Eskom chairperson Jabu Mabuza has said. KAK! I thought he was smarter than that What about us? They must give us discounts on electricity. It’s our tax.
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EDITOR’S LUNCHBOX: Eskom is borrowing from lenders to pay other lendersAnother option for Eskom is issuing 10-year zero coupon bonds to the PIC in exchange for R100bn in cash, so canceling its debt The death spiral.
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