PIC Told to Ensure Eskom Viability Before Taking Equity
Eskom Holdings SOC Ltd. Grootvlei coal-fired power station in Mpumalanga.
Photographer: Waldo Swiegers/BloombergThis article is for subscribers only.
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Africa’s biggest fund manager must ensure that state-owned power utility Eskom Holdings SOC Ltd. will operate profitably before its 92 billion rand ($5.48 billion) debt pile is converted to equity, said David Masondo, deputy finance minister.