Eskom to tap global bond markets

Friday, September 10, 2010

South African power utility Eskom aims to issue bonds in the United States and Europe this year as part of a plan to raise up to $6,9-billion over the next three years, a top executive said on Tuesday.

Eskom, which uses mainly coal-fired power stations to supply most of the power to Africa's largest economy, needs funding for a planned multi-billion dollar programme to help alleviate chronic power shortages.

The utility is waiting for government approval of its plan to raise R45-billion to R50-billion over the next three years, Paul O'Flaherty, Eskom's finance director, told Reuters on the sidelines of a parliamentary briefing.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Advancing social justice and decent work in Africa: A blueprint for change

FANFAN RWANYINDO KAYIRANGWA* | 2d ago

Staying safe amidst the electoral frenzy as journalists brace for October election

Thomas Nkhoma | 2d ago

Cultures Spears makes waves in the SA market

Lesedi Mkhutshwa | 1d ago

Sephobe for Miss Royal International Florida

Nnasaretha Kgamanyane | 1d ago

Threads of broken bonds

Henny Maruapula | 1d ago

Teen carves promising artistic path

Nnasaretha Kgamanyane | 1d ago

Mapantsola invade Ramokgonami

Nnasaretha Kgamanyane | 1d ago

Koolkat Motyiko's single unravels rich tribal music tapestry

Goitsemodimo Kaelo | 1 h ago

Stakeholders must step up veggie supply

The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...

The Monitor Editor | 29 April 2024

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More

Eskom to tap global bond markets

South African power utility Eskom aims to issue bonds in the United States and Europe this year as part of a plan to raise up to $6,9-billion over the next three years, a top executive said on Tuesday.

Advancing social justice and decent work in Africa: A blueprint for change

Staying safe amidst the electoral frenzy as journalists brace for October election

Cultures Spears makes waves in the SA market

Sephobe for Miss Royal International Florida

Threads of broken bonds

Teen carves promising artistic path

Mapantsola invade Ramokgonami

Koolkat Motyiko's single unravels rich tribal music tapestry

Stakeholders must step up veggie supply