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ABU DHABI, United Arab Emirates, Nov. 12, 2019 (GLOBE NEWSWIRE) -- CRO Advisors to Issue Eskom Debt Restructuring Report. Finds Eskom debts, liabilities and capital needs ~2.3 Trillion Rand ($150BN USD) over next 5 years.
Eskom’s ~500BN on balance sheet debt, ~128BN off balance sheet debt, and 1,072BN in unavoidable cost over next 5 years, represents a staggering 76% of South Africa’s total current debt.
SA total debt obligations are ~5.3 Trillion Rand, including Eskom’s liabilities and capital requirements, excluding other substantial cash requirements for other failing State-Owned Companies, excluding sizable Tax collection gaps and other sizable growing fiscal gaps.
Eskom must undergo an independent detailed and comprehensive “Forensic Audit” on behalf of all creditors, vendors and stakeholders.
The full public version of the Eskom ICRO Report issued on October 17, 2019 may be found at:
About CRO Advisors:
CRO Advisors work with Sovereign Governments, Institutional Investors and other stakeholders with exposure to the Global Energy & Infrastructure sector. The Firm engages with Sovereign Wealth Funds, Private Equity and Specialized Lending Funds to mobilize large pools of capital for our clients as part of our restructuring and turnaround mandates. CRO Advisors are specialists in the most complex restructuring and recapitalization of distressed Sovereign Government Assets, and Infrastructure companies and assets globally. Bankruptcy, Debtor in Possession (DIP) Finance, Business Rescue and Turnaround. Focus is on very large and complex debt and operational restructurings in the Energy & Infrastructure sectors, including Power Generation, Transmission, Distribution, Natural Gas Pipeline, Fuel Storage Terminals, and other critical infrastructure assets.
CRO Advisors Contact: Contact: Mr. A. Malouf Email: email@example.com Website: www.icroadvisor.com