finance update, page-6

Must be raised at a higher price. Positive that Eskom is progressing - any agreement before year end finance may and I stress may help SP. Article I think in last Sat West Business reflected it well about junior Co's struggling to raise funds if any, if so, discounted - just look at PEK the other day. So, the way I look at it, they're indicating multiple financiers looking at it which to have that competition in the current climate is a positive and that way we won't be totally screwed on the financing terms. Any approval of 50% debt funding announcement before we go to market surely must be the trigger as no other hurdles outstanding. GL LT's