Restructuring Report: Eskom ‘Fundamentally Insolvent, Permanently Impaired’

Credit to Author: Sonal Patel| Date: Thu, 24 Oct 2019 14:32:17 +0000

The post Restructuring Report: Eskom ‘Fundamentally Insolvent, Permanently Impaired’ appeared first on POWER Magazine.

Eskom, South Africa’s state-owned utility that produces nearly 90% of the African powerhouse’s electricity, is saddled with liabilities, unavoidable expenses, and stranded costs that exceed $113 billion, and for various reasons, it is “fundamentally insolvent, permanently impaired, and will never be a true going concern enterprise under its current legal, operational, and governance structure,” concludes […]

The post Restructuring Report: Eskom ‘Fundamentally Insolvent, Permanently Impaired’ appeared first on POWER Magazine.

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China’s largesse in Tonga threatens future of Pacific nation

Credit to Author: Dennis Maliwanag| Date: Thu, 11 Jul 2019 06:55:42 +0000

China's largesse in Tonga threatens future of Pacific nation

The days unfold at a leisurely pace in Tonga, a South Pacific archipelago with no traffic lights or fast-food chains. Snuffling pigs roam dusty roads that wind through villages dotted with churches.

The post China’s largesse in Tonga threatens future of Pacific nation appeared first on Inquirer News.

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