
[miningmx.com] – ESKOM will borrow more than R2bn ($1.6bn) from the domestic and international bond market, said Reuters citing comments by Brian Molefe, acting CEO of the cash-strapped power utility.
Molefe also said at a presentation of the company’s annual results that Eskom had managed to raise R49.5bn rand in external funds, easing liquidity pressures. Eskom posted a net profit of R3.6bn, down from R7bn in the previous financial year.