Eskom aims for R200bn debt balance

State power utility Eskom is aiming for a debt balance of R200 billion, it said in a presentation on Thursday, compared to its current debt level of around R450 billion.

Chief executive Andre de Ruyter added at a news conference that the utility would embark on a “renegotiation process” with independent power producers to try to lower the cost of electricity for South African consumers.

More to follow.