South Africa’s indebted power utility may need to borrow an extra R45-billion to purchase diesel and pay inflation-beating salaries to workers, according to S&P Global Ratings. That’s a 50% increase from S&P’s borrowing forecast for Eskom Holdings in November, according to Omega Collocott, director of corporate ratings for South Africa at the company. The utility had a funding plan of R24.4-billion for the year to March, according to a company presentation in November.
News
You are here: Home1 / News2 / Industry News3 / Outages to wage deal may spur Eskom to borrow extra R45bn
You might also like
INDUSTRY NEWS
WHERE TO FIND US
Address
9 Yellow Street
Botshabelo Industrial Area
Botshabelo, Free State
Call / Email Us
Tel: +27 (0) 51 534 1651
Email: info@transfix.co.za