by sundelbolong | May 31, 2020 | Business & Finance News
The Covid-19 crisis has provided an opportunity for government to reform its state-owned enterprises, so much so that President Cyril Ramaphosa is optimistic about the future of troubled entities SAA and Eskom. During an address to the South African National...
by sundelbolong | May 30, 2020 | Business & Finance News
A possible conversion of the Public Investment Corporation’s bond investment in Eskom into equity is just one of a “range” of options on the table, the state-owned asset manager has said. Earlier in the week, Bloomberg reported that a proposal to...
by sundelbolong | May 28, 2020 | Business & Finance News
Africa’s biggest fund manager, the Public Investment Corporation, is willing to convert more than R90 billion of Eskom’s debt into equity. The proposal has been submitted to South Africa’s National Treasury by the PIC and its main client, the Government...
by sundelbolong | May 28, 2020 | Business & Finance News
Power utility Eskom could record a loss of R16 billion for the 2020 financial year, Acting Director General of the Department of Public Enterprises Kgathatso Tlhakudi has said. Last year the entity recorded a net loss of R20.7 billion, Fin24 previously reported. On...
by sundelbolong | May 27, 2020 | Business & Finance News
Eskom’s desire to avoid spending R42 billion reducing sulfur dioxide emissions at one of its largest power plants isn’t legally feasible, according to the Department of Environmental Affairs. In addition to getting government approval, South Africa’s...
