JSE-listed Harmony formally appointed Nedbank CIB to act as a global coordinator and bookrunner, as well as a global sustainability coordinator, to structure and arrange the substantial dual currency, multi-tranche debt package.
The association deems the reforms vital for the sector to become competitive, with multiple generators of power competing to supply electricity at the lowest cost and selling power directly to customers.
EIUG CEO Fanele Mondi notes that the latest Eskom system status briefing (its winter plan) and poor performance during May, are evidence of increased levels of system strain, characterised by growing unplanned generation outages and a shortage of generation capacity to perform maintenance and meet demand.
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