History Reviewed By Luca Casiraghi and Irene García Pérez
[Is the Black Jew President Ramaphosa calling in the main British Jews, Rothschild? Jan]
As SA’s struggling power utility prepares a long-awaited reorganisation aimed at returning it to profit and lightening its debt load.
Eskom’s creditors started working with financial advisory firm Rothschild & Co. as South Africa’s struggling power utility prepares a long-awaited reorganisation aimed at returning it to profit and lightening its debt load.
Bondholders are forming a common front to protect their interests as the state-owned company takes steps to split into three entities, according to people familiar with the matter who asked not to be identified because the information is private. While Eskom’s R392 billion ($25.4 billion) of debt will remain under the holding company for now, some bondholders fear it may be distributed across financially weaker units, they said.
Saving Eskom is a massive undertaking, with South Africa’s economy at stake as it struggles to supply uninterrupted electricity. President Cyril Ramaphosa first announced a turnaround plan in 2019, though progress has been slow as the details are debated, especially around the debt pile, which Eskom wants the government to help cut in half.
