Eskom raises R43bn as it begins to attract more investors

Acting Eskom CEO Phakamani Hadebe said on Tuesday that the State-owned enterprise had raised R43-billion from the market and that it would come up with a comprehensive, integrated strategy for the entity by September. “As of today, I’m happy to announce that Eskom has been able to raise in gross terms R43-billion from the market…in net terms we have raised borrowing of R33-billion,” Hadebe told Parliament’s Portfolio Committee on Energy.