A second multibillion bailout in less than six months to keep Eskom afloat does not sit well with ratings agency Moody’s Investors Service.

The ratings agency views the planned R59bn cash injection as an additional drain on the fiscus and has called it credit negative. ..

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now