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.
“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.”