South African utility Eskom will get up to 20 billion rand ($1.06 billion) from the National Treasury next week, its interim CEO Calib Cassim said on Wednesday, in the second tranche of a debt relief package from the government.
to help the debt-laden monopoly power generator and supplier to pay off its debts in a timely manner and avoid defaults.
"We have got a big maturity with the syndicated banks coming up now in October, so we will get this money from the Treasury next week," Cassim told Reuters in an interview on the sidelines of a climate conference organised by lender Standard Bank.
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