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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 Eskomâs 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., Africaâs biggest fund manager, the people said.
âEskom intends to work constructively with all its creditors to develop a plan that will improve the companyâs balance sheet while adequately catering for the requirements of its lenders and other stakeholders,â the utility said in response to questions. âThe utility is in regular discussions with its stakeholders to agree on the best solution to shape the balance s