Fitch warns downgrade possible if Eskom turnaround fails

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 63%

South Africa Headlines News

South Africa Latest News,South Africa Headlines

Failure to implement a turnaround plan at Eskom could spell another downgrade for SA

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Downgrade could cost SA Government and Pension funds R250 billion KhuluPhasiwe Eskom_SA tito_mboweni CyrilRamaphosa

Which of the three entities into which Eskom is to be split is going to assume the R400bn debt burden, given that the underlying asset value is in the power stations rather than the distribution network?

All they have to do is call in all investigative journalists involved in the process and get the facts and the evidence. It’s been with the NPA for ages. If the US can arrest people and have them in jail in 3 months, what the hell is our problem?

The ANC bright sparks are not worried about downgrading. They feel it's a white western thing and should be ignored.

Downgrade now !!! The looting continues.... moodys

Downgrade here we come. The cronies are here to stay.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fitch on SA Budget: Eskom support has limited effect on SA's credit ratingFitch Ratings has said that additional financial support for Eskom will have a limited effect on the country's credit profile, while S&P it waiting for clarity on the details of the state's support package.
Source: News24 - 🏆 4. / 80 Read more »

Fitch warns downgrade possible if Eskom turnaround plan failsThe ratings agency warns that SA's rising debt also remains a concern While there is a simple Solution to gen dubble the Energy SA and AFRICA need in a small space of time without using fossil feuls, Solar,Wind Hydro and Nuclear but our President gets restrained to know of RENWABLE ENERGY DROMÉ by those under his WINGS in the Presidency with Proof What else bamboozles me is that our own banks won’t invest in our own mining industry yet the President cries for FDI. Hypocrisy prevails big time. Why is this so Ministers Mantashe and Mboweni, please explain? Thanks Turn around plan implies 'privatization'
Source: BDliveSA - 🏆 12. / 63 Read more »

WATCH LIVE: Eskom board chair Jabu Mabuza to implicate Eskom executives
Source: TheCitizen_News - 🏆 6. / 75 Read more »

Eskom: Low probability of load shedding for SundayHowever, officials say if their generating performance declines they may have to implement power cuts. Can they loadshed the etolls
Source: ewnupdates - 🏆 30. / 53 Read more »

SA govt seeks to reopen costly renewables deals to help EskomEskom supplies more than 90% of South Africa’s power but is drowning in debt after a decade of decline. Gordhan 'we are a law abiding country', pity we have a corrupt and useless ANC government. ANC have no idea about abiding the law, ie corrupt arms deal, ANC municipalities corrupt tenders, State workers pensions(PIC), VBS bank, Eskom, SAA, Bosasa, State Capture the ANC corruption runs into TRILLIONS OF RAND....
Source: ewnupdates - 🏆 30. / 53 Read more »

Moody’s changes its mind on SA outlook due to EskomThe ratings agency is sceptical about the restructuring of Eskom and the government’s ability to control spending pressures
Source: BDliveSA - 🏆 12. / 63 Read more »

ANALYSIS: SA laughs off the Eskom crisis as capture rogues make a comeback'Another strange phenomenon is the legitimisation of collaborators of state capture. Social media has allowed people who should be on trial for corruption to be ‘commentators’ on politics.' Journalism has gone to the dogs, I mean if Eskom has anything against Matshela, than they should go open a case, the fact that people trust social pages more than news rooms says alot , no intergrity left in journalism,I mean Pravin & new board know fokol but we should trust them Freedom of speech is not the preserve of the journalists only.. Why Maria Ramos not to be on trial for corruption..... For Manupulating the Rand
Source: SundayTimesZA - 🏆 47. / 51 Read more »

#Budget2019: Eskom a drain as SA economic, budget outlook worsens | IOL Business ReportMboweni noted that funding requests from Eskom, SAA, SABC, Denel and other financially challenged state-owned enterprises had increased.
Source: IOL - 🏆 46. / 51 Read more »

Moody’s warns on fiscal impact of EskomThe ratings agency is sceptical about the restructuring of Eskom and the government’s ability to control spending pressures
Source: BDliveSA - 🏆 12. / 63 Read more »

Eskom chair warns of threat to the economy should debt not be repaidSo Eskom_SA start by selling the houses and cars bought by the previous executive management team! 👎🏿 Maybe empty some of their bank accounts too!👎🏿 💩🍩🇿🇦 Soweto owes billions! So pay back all the bonuses to start with
Source: ewnupdates - 🏆 30. / 53 Read more »