Eskom’s debt plan raises hopes for investors facing long wait for relief

High hopes that South Africa’s government will next month lay out plans to take on a majority of the debt owed by beleaguered state utility Eskom have lifted the company’s bonds, providing some relief to investors facing a long and uncertain wait. South Africa has been struggling for years to overhaul its state-power company which is plagued by corruption and mismanagement and reeling under a R400-billion debt pile.