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Eskom notes the announcement by the Minister of Finance
Eskom Holdings SOC Limited
(Registration No. 2002/015527/30)
JSE alpha code: BIESKM
(“Eskom” or “the company”)
Eskom notes the announcement by the Minister of Finance
Eskom welcomes the statement made by National Treasury in the Medium-Term Budget
Policy Statement relating to a prospective debt relief solution for the company. Addressing
Eskom’s debt levels is a key component to the company’s turnaround plan envisaged
under the DPE’s Roadmap, and this solution, combined with other reforms at Eskom and
in the South African electricity sector, will ensure the long-term financial stability and
sustainability of Eskom and the South African electricity sector.
Eskom looks forward to continuing to work closely with Government representatives to
develop the specifics of the debt relief solution and will engage with its investors and other
stakeholders at the appropriate time. In parallel, Eskom will continue working on the
implementation of the unbundling of its Transmission division, which remains a key
strategic priority for the company envisaged under the DPE Roadmap.
27 October 2022
Debt Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Issued by: Eskom Media Desk
Tel: +27 11 800 3304/3309/3343/3378
Fax: 086 664 7699
Email: mediadesk@eskom.co.za
Date: 27-10-2022 10:55:00
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