Rand strengthens on reports of new Eskom rescue plan  BusinessTech

The rand rose to the strongest level since February after Eskom biggest bondholder was said to have a rescue plan for the state-owned company.

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The rand rose to the strongest level since February after Eskom biggest bondholder was said to have a rescue plan for the state-owned company.The rand rose to the strongest level since February after Eskom biggest bondholder was said to have a rescue plan for the state-owned company.

Rand strengthens on reports of new Eskom rescue plan

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The PIC is proposing to convert its $6.4bn holding in Eskom into equity in return for a say over the utility's management.The PIC is proposing to convert its $6.4bn holding in Eskom into equity in return for a say over the utility's management.

Rand strengthens as Eskom proposal soothes traders’ nerves - Moneyweb

A proposal by the biggest owner of Eskom Holdings SOC Ltd.’s debt to convert its $6.4 billion holding into equity has become a rescue option as South Africa seeks to restructure the troubled power utility.A proposal by the biggest owner of Eskom Holdings SOC Ltd.’s debt to convert its $6.4 billion holding into equity has become a rescue option as South Africa seeks to restructure the troubled power utility.

Eskom Gets Rescue Option as PIC Proposes Debt-Equity Sw...

“1. "ESKOM POWET DEAL: CHASI IN SA" & 2. "RAMAPHOSA HAILS ZIM PROGRESS" #Herald Apparently Mnangagwa misled Ramaphosa into believing that Zim has paid up its USD 33m @Eskom_SA debt when it paid only USD 10m. Lies can be costly! https://t.co/jpznIXDkGZ https://t.co/yFbtIMKV2x”

Prof Jonathan Moyo on Twitter: "1. "ESKOM POWET DEAL: CHASI IN SA" & 2. "RAMAPHOSA HAILS ZIM PROGRESS" #Herald Apparently Mnangagwa misled Ramaphosa into believing that Zim has paid up its USD 33m @Eskom_SA debt when it paid only USD 10m. Lies can be costly! https://t.co/jpznIXDkGZ https://t.co/yFbtIMKV2x… https://t.co/TO082x8cHw"

In return, the PIC wants a say over Eskom’s messy finances, including board representationIn return, the PIC wants a say over Eskom’s messy finances, including board representation

PIC proposes Eskom debt-equity swap