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Clothing Retailer Pepkor Explores Takeover of South African Rival Edgars

Clothing Retailer Pepkor Explores Takeover of South African Rival Edgars
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Banks, fund manager push to solve R464bn Eskom debt crisis

MONEYWEB app instead? No final decisions have been made and proposals will be presented to Treasury in coming weeks. By Loni Prinsloo and Antony Sguazzin, Bloomberg 19 Feb 2021  16:46  Image: Bloomberg Nedbank is leading discussions to restructure South African power utility Eskom’s R464 billion debt load, according to people familiar with the talks. The parties met in recent days, and one of the options is to transfer at least R100 billion of debt to a special-purpose vehicle that would be overseen by the Public Investment Corp., Africa’s biggest fund manager, the people said. “Eskom intends to work constructively with all its creditors to develop a plan that will improve the company’s balance sheet while adequately catering for the requirements of its lenders and other stakeholders,” the utility said in response to questions. “The utility is in regular discussions with its stakeholders to agree on the best solution to shape the balance s

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