Eskom decision expected on Tuesday
The government’s choices will demonstrate whether it is committed to the rapid liberalisation of the energy market
A special paper on the future of Eskom and the electricity industry will be released by public enterprises minister Pravin Gordhan on Tuesday to provide the framework for the massive bailout expected in the medium-term budget policy statement on Wednesday.
The plan is an essential component of persuading credit ratings agencies and investors that the government does indeed intend to restructure Eskom into a sustainable company and not throw good money after bad. Moody’s Investors Service, which has previously said the bailout will not be enough and a credible plan for the future is required, is due to make a rating decision on November 1...
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.