Eskom’s debt burden will jump to R81bn
Eskom’s interest cost forecast for 2023 looks pretty damning – exceeding that of the nine top South African companies combined.
Debt
Debt – a potentially reasonable means to grow wealth
Bomikazi Zeka explores how debt can be used to grow one’s wealth – if managed cautiously and sensibly.
BLSA: Andre de Ruyter’s resignation met with great disappointment
BLSA bemoans De Ruyter’s resignation as Eskom CEO, saying he had enormous difficulties to overcome such as crippling debt, ageing infrastructure and state corruption.
🔒 ‘Huge, Missing and Growing:’ $65 trillion in dollar debt sparks concern
A lack of information appears to be making it more difficult for policy makers to anticipate the next financial crisis.
Eskom’s shocking overpayment for basic goods and services
It has been revealed that Eskom is paying up to ten times more for services and basic goods like milk and toilet paper.
South African economy is close to collapse, says economist
Eunomix CEO and chief economist Claude de Baissac said South Africa is collapsing and lacks economic growth.
🔒 JPMorgan’s Michele sees high-grade debt as ‘anchor in the storm’
Bob Michele, a bond market veteran with decades of experience, will shelter in short-dated investment grade bonds in the coming downturn.
Global energy restructuring veteran KW Miller has seen many messes, but says nothing comes even close to the Eskom disaster
The path forward will be determined by the actions of creditors which own a large chunk of mostly SA government-guaranteed Eskom debt that he says is far higher than the official number of R400bn.
Eskom audit sets hopeful precedent
South Africa is hiring an independent contractor to advise on conditions it should attach to debt relief for Eskom, said Enoch Godongwana.
Tongaat Hulett enters business rescue in South Africa
Tongaat Hulett today advised shareholders that the Board has commenced voluntary business rescue proceedings for two operations in SA.