Source: Loan Digest (loandigest.net)
Fin24 Every negative thing in this country in recent times, falls squarely on the corrupt, incompetent ANC.
Fin24 Good
Fin24 Are you talking about the same Moody's that issues fake credit ratings, that Moody's? If it could happen, I bet Capitec could give SA a more accurate credit rating than those crooks.
Fin24 Watch the Rand to other currencies, interest rates. The cost of State Capture isn’t only the money stolen, it’s now everything associated with poor South African economy...& we are worried about elections. If they cared cancel the elections and save South Africa firstly...
Fin24 The government take on debt? I think you mean the South Africa Taxpayers will. The government doesnt do fuckall!!
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Eskom likely to be 'front and centre' of #Budget 2019Eskom is likely to be 'front and centre' of Finance Minister Tito Mboweni’s budget speech, predicts Deloitte's managing director for tax & legal.
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Ramaphosa congratulates Soweto Gospel Choir for third Grammy awardThe parliamentary portfolio committee on arts and culture also congratulated the group.
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Eskom remains a risk to SA’s finances, says Moody’sThe plan to split the power utility into three entities will create a more transparent structure, but won’t address the company’s financial challenges
Source: BDliveSA - 🏆 12. / 63 Read more »
Moody’s says Eskom split will do little to solve financial problems – reportThis comes after the announcement that the utility would be divided into three separate entities.
Source: TheCitizen_News - 🏆 6. / 75 Read more »
Moody's reacts to Eskom splitRatings agency Moody's warns splitting Eskom into three entities does little to address the debt-laden power utility's financial challenges. Rating agencies and investors are on the same whatsap group,it's funny because their mascot has already partially privatized power utility now they are not satisfied.They want it all,lock stock and barrel,I give up.Seems like someone is in trouble. Too much interference from the rating agency. Who's paying them to bully our institutions like this? Why Eskom doesn't introduce a new payment system, a certain fixed amount pay as you earn plan for the poor communities. It's better to have money coming in every month than nothing at all. The Eskom management is lazy to think I don't know where the come from 'nathi siye'
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Eskom Power Cuts Intensify as Moody's Calls It South Af...South Africa’s debt-laden, state-owned power utility, which intensified supply cuts that threaten businesses Monday, continues to represent a significant risk to the country’s finances and President Cyril Ramaphosa’s plan to split the company into three does little to address the producer...
Source: dailymaverick - 🏆 3. / 84 Read more »
Moody's says Eskom split will do little to solve financial problems - reports | IOL Business ReportPresident Ramaphosa said Eskom would be divided into Generation, Transmission and Distribution entities as part of a new business model. Increased tariffs won't save Eskom. They need to address: -Medupi & Kusile are way behind schedule, way over budget, & finished parts breaking down) -Poor management -Overstaffing -Neglected infrastructure -Electricity theft -Nonpaying users -Defaulting municipalities
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YouTubeAccording to this report the current Eskom mess id costing SA R500 billion A DAY! All under Gordhan's watch. When Zuma fired Nene. Gurtdan said it cost SA R500bln period. He's costing us that PER DAY! Why then in God's name is he still there? Can anyone tell me please
Source: SABC News Online - 🏆 32. / 51 Read more »
SACP: Eskom trying to blackmail SAThe Department of Public Enterprises says Eskom will go bust by April unless it gets a capital injection.
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#LoadShedding: Italian engineers roped in, but will Eskom survive until April?On Wednesday, Eskom revealed it is technically insolvent and will fail to exist at the current rate by April. Once more spending more money on people outside of SA when we can utilize the skills & resources that we have. When they leave & problems occur then blame it on the Italians! Let’s use the local engineers, wake up & smell the coffee You mean the local boys sitting at home are the wrong color . Or do they have to speak Italian to unders tand and get the job done . So there are no qualified engineers in this whole country to deal with loadshedding?
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