Eskom expects to sign emergency funding deals in ‘day or two’ Eskom chairperson Jabu Mabuza and acting CEO Phakamani Hadebe on the options being considered to improve the group’s capital structure. Camera work & editing Darlene Creamer.

Cash-strapped State-owned power utility Eskom confirmed on Thursday that its negotiations with funders to meet immediate debt-repayment obligations were at an advanced stage and that it expected to sign-off on the deals “in a day or two”. Eskom acting CEO Phakamani Hadebe revealed this week that the utility had secured in-principle commitments from lenders to provide Eskom with the R20-billion it needed to meet debt obligations that would arise before the end of February.