The decision comes as investor sentiment starts to look up for the power utility.
Eskom CEO Phakamani Hadebe has said that the state-owned power utility intends to sell foreign debt in around two months’ time. This, following an improvement in investor sentiment, says Reuters.
Hadebe said:
“We are seeing an increase in appetite from investors. From July last year to January, we couldn’t even sell R1 billion ($78 million) of debt, but the situation has changed dramatically. We plan a foreign issuance in around two months’ time.”
