State-owned electricity utility Eskom and freight logistics group Transnet insisted on Thursday that their immediate liquidity was not threatened by the announcement by Futuregrowth Asset Management that it was suspending additional loans to six State-owned companies (SoCs), including Eskom and Transnet CFO Anoj Singh said that, as of the end of August, Eskom had available liquidity of about R38-billion and had secured more than 57% of its borrowing requirement of R69-billion for the 2016/17 financial year. “Consequently, the announcement by Futuregrowth Asset Management does not place Eskom’s funding plan at risk and I am confident that the funding for the year will be raised.”
