Three signs Eskom is not yet out of the woods
It now plans to return to domestic debt capital markets from 2028, aiming to raise up to R25 billion a year to fund its infrastructure expansion.
Governance problems Eskom’s external auditor, Deloitte & Touche, has also raised concerns about the power utility’s financial sustainability because of its reliance on government bailouts for survival, declining electricity sales and the arrear municipal debt.
Encouragingly, outgoing Eskom CFO Calib Cassim said the debt position is set to reach “a more sustainable level” of around R300 billion over the next five years.
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