Eskom looking beyond shareholder to tackle ‘unsustainable’ capital structure

Having secured “in principle” commitments from funders to enable Eskom to meet looming debt obligations of R20-billion by the end of February, the new leadership at the power utility has started weighing various options, including asset sales, for shoring up the group’s fragile balance sheet. Speaking at interim results, delayed owing to auditor concerns over the State-owned company’s going-concern prospects, newly appointed acting CEO Phakamani Hadebe confirmed that Eskom’s capital structure was not sustainable in its current form.