https://www.engineeringnews.co.za

Lazard report on Eskom asset sale options due within days – Eskom chair

Eskom chairperson Jabu Mabuza

Eskom chairperson Jabu Mabuza

Photo by Dylan Slater

8th October 2018

By: Reuters

  

Font size: - +

Financial adviser Lazard will conclude its assessment of which assets South Africa's State-owned power firm Eskom can put up for sale in the next few days, Eskom's chairperson Jabu Mabuza said on Monday.

"We have hired Lazard to look at what assets, if any, we can dispose of on our balance sheet," Mabuza said on the sidelines of the FT Africa Summit in London, adding he expected Lazard to conclude their task in the next week.

"We have not hired Lazard to advise us on debt-for-equity swaps, that discussion is off the table, we are not asking any of our debt providers to swap debt for equity, including the PIC," he added, referring to the state pension fund Public Investment Corporation.

Cash-strapped Eskom is critical to Africa's most industrialised economy as it supplies more than 90 percent of its power and is one of its most indebted state firms.

Edited by Reuters

Comments

Showroom

M and J Mining
M and J Mining

M and J Mining are leading suppliers of physical support systems as used by the underground mining industry. Our selection of products are not...

VISIT SHOWROOM 
GreaseMax
GreaseMax

GreaseMax is a chemically operated automatic lubricator.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.204 0.267s - 175pq - 2rq
Subscribe Now