South Africa Seeks Legal Advice on $24 Billion Eskom Debt Burden
Breadcrumb Trail Links PMN Business South Africa's National Treasury is seeking to hire a legal firm to advise it on how to reorganize the 396 billion rand ($24 billion) debt burden held by national power utility Eskom Holdings SOC Ltd., people familiar with the situation said. Author of the article: Bloomberg News Antony Sguazzin A corporate vehicle outside the Kusile coal-fired power station, operated by Eskom Holdings SOC Ltd., in Delmas, Mpumalanga province, South Africa, on Wednesday, June 8, 2022. The coal-fired plant's sixth and last unit is expected to reach commercial operation in two years, with the fifth scheduled to be done by December 2023. Photographer: Waldo Swiegers/Bloomberg Photo by Waldo Swiegers /Bloomberg Article content (Bloomberg) — South Africa's National Treasury is seeking to hire a legal firm to…