Carol Paton Editor at large

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...

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 exclusive Financial Times articles, 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