Government transfers to Eskom of R105bn over the next two years cannot do more than stabilise the company’s debt burden, Moody’s Investors Service said in a note on Tuesday.
Commenting on Eskom’s 2019 financial results, presented a week ago, Moody’s underlined the urgency of a turnaround plan for Eskom and said that until this was in place the government will have to keep on providing bailouts...
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