In March, Moody's downgraded Eskom's credit ratings from B2 from B1, citing an absence of concrete plans to place its business on a sound financial footing.(Madelene Cronje/M&G)
Last week, the Mail & Guardian reported that Eskom must raise a total of R20-billion by March. It is believed that Eskom needed to raise R12.5-billion by January 26 to meet its immediate cash flow requirements. The M&G could not verify this figure and Eskom refused to comment on it. It said it would provide an update on its funding and liquidity position when it published its interim results on or before January  31.
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