Prolonged power crisis is a risk to SA’s rating, says Fitch
The ratings agency says the state of disaster highlights credit risks facing the country
16 February 2023 - 10:27
UPDATED 16 February 2023 - 22:40
Fitch Ratings has warned that SA’s electricity crisis could weigh on the country’s ratings if it is not properly addressed.
In a statement on Wednesday the agency said even though SA still had room to absorb the temporary economic losses from electricity supply shortages at its current rating of BB-, the problem could weigh on ratings if the problems are not addressed over the medium term...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.