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Eskom forced to sell non-core assets at a loss

Eskom forced to sell non-core assets at a loss
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Eskom's disposal of non-core immovable property helps meet student housing needs while raising capital

As part of its efforts to raise funds from the disposal of non-core property, Eskom is pleased to announce the sale of two buildings to the Department of Human Settlements, Water and Sanitation, which will help relieve some of the accommodation pressures faced by university students and for social housing. The sale of these two high rise office buildings in Kimberley and Johannesburg has raised R76.1 million for Eskom, part of Eskom’s approved strategy to responsibly dispose of non-core immovable properties. In total, Eskom aims to raise more than R2 billion from the sale of non-core property. These properties were previously utilised as regional offices, and staff have been moved to other locations as part of Eskom’s drive to optimise space and derive maximum value from its extensive property portfolio. The property disposal process is in line with Eskom’s unbundling process and its bid to raise capital. ....

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Eskom fetches R76 million from sale of buildings, with more assets expected to be sold

Eskom,
plans to raise more than R2 billion from the sale of non-core property.
Buildings in Kimberley and Johannesburg were sold to the Department of Human Settlements, Water and Sanitation for
R76.1 million.
The buildings will be converted into housing blocks.
Eskom has raised R76.1 million from the sale of two buildings as parts of a strategy to free up cash through the disposal on non-core assets, and more properties are expected to be sold.
The buildings in Kimberley and Johannesburg were sold to the Department of Human Settlements, Water and Sanitation and will be converted into housing blocks, the power utility announced on Tuesday. ....

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Eskom fetches R76-million from sale of buildings, with more assets expected to be sold

Eskom has raised R76.1-million from the sale of two buildings as part of a strategy to free up cash through the disposal on non-core assets, and more properties are expected to be sold.
The buildings in Kimberley and Johannesburg were sold to the Department of Human Settlements, Water and Sanitation and will be converted into housing blocks, the power utility announced on Tuesday.
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Eskom, which is saddled with nearly half a trillion rand in debt, boasts an extensive portfolio of properties and plans to raise more than R2-billion from the sale of non-core property.
The property disposal process is in line with Eskom’s unbundling process and its bid to raise capital. ....

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Student accommodation and social housing plan as Eskom sells properties

Eskom’s disposal of non-core immovable property helps meet student housing needs and affordable social housing while raising capital ....

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