Treasury is working to fast-track plans to restructure Eskom
The Treasury made the announcement in response to a statement by ratings agency Fitch
20 December 2019 - 10:03
The Treasury says it is working to accelerate plans to restructure ailing power utility Eskom after ratings agency Fitch opted to keep the sovereign credit rating on hold, with a negative outlook.
“National Treasury, in partnership with the department of public enterprises, is instituting a series of measures to bring discipline to the utility's finances, and to step up the timeline for restructuring,” it said in a statement responding to Fitch's decision...
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