- AVCA’S Fifth VC Summit Spotlights: Resilience, Scale and Bankability
- Commodities Weekly - Framing tariff-induced stagflation risks
- African Private Capital Fundraising Doubles to $4bn in 2024
- The Rise of Contemporary African Art in a Global Market - Marelize van Zyl
- 21st Edition Connected Banking Summit – Innovation & Excellence Awards 2025
Eskom Secures $3.4 Billion for Two-Thirds of 2019 Funding

JOHANNESBURG (Capital Markets in Africa) – Eskom Holdings SOC Ltd. said it’s secured about 48.8 billion rand ($3.4 billion) of the funding the state-owned South African power utility requires for the financial year ending March 31.
Of the remaining 23.2 billion rand, or 32 percent of the total, 15 billion rand will come from structured products, Eskom said in a statement on Tuesday. A further 4.5 billion rand will come from domestic bonds, including 2.3 billion rand with a duration of less than a year. The balance will come from development finance institutions and export credit agencies, it said.
Eskom didn’t immediately respond to a request for further details of the new funding.
Eskom — which had amassed 399 billion rand of debt by the end of March, according to data compiled by Bloomberg — has been flagged by ratings companies as a key risk to South Africa’s economy. The cash-strapped utility sold $1.5 billion of Eurobonds earlier this month, tapping international markets for the first time in more than three years.
The utility last month signed a $2.5 billion loan agreement with China Development Bank to go toward construction of the Kusile power station.
Source: Bloomberg Business News