ESKOM HOLDINGS SOC LIMITED - Eskom's comments of Futuregrowth's announcement
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Eskom's comments of Futuregrowth's announcement
ESKOM HOLDINGS SOC LTD
JSE CODE: BIESKM
MEDIA STATEMENT
02 September 2016
Futuregrowth’s announcement does not place Eskom’s funding plan at risk
Thursday, 01 September 2016: Eskom notes the comments by local asset manager Futuregrowth
Asset Management regarding investments in certain State Owned Companies (SOCs) including
Eskom. Local asset managers provide considerable support to the funding of SOCs and the general
local bond market.
Eskom regularly engages with asset managers and other relevant financial institutions and will
continue to do so. To this end, Eskom completed a domestic road show to meet with local asset
managers in August 2016, including Futuregrowth Asset Managers, and current concerns were not
raised. Eskom will however, continue to engage with Futuregrowth Asset Managers and the broader
investor community to understand the recent concerns raised regarding current and future
investments into Eskom.
“As at the end of August 2016, Eskom has available liquidity of approximately R38 billion and has
secured more than 57% of its borrowing requirement of R69 billion for the financial year 2016/17.
Consequently, the announcement by Futuregrowth Asset Managers does not place Eskom’s funding
plan at risk and I am confident that the funding for the year will be raised,” said Anoj Singh, Eskom’s
Chief Financial Officer.
Eskom Holdings SOC Ltd enquiries
Francois Venter
011800 4050
Email: francois.venter@eskom.co.za
Date: 02/09/2016 09:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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