eskom debt

  1. Hanno Labuschagne

    Eskom taking over electricity distribution in 47 municipalities

    Eskom taking over electricity distribution in 47 municipalities Eskom is set to take control of electricity distribution operations in 47 South African municipalities through distribution agency agreements (DAAs). This is according to the 2025 Medium-Term Budget Policy Statement, which...
  3. Hanno Labuschagne

    S&P Global lifts Eskom's credit rating

    S&P Global lifts Eskom's credit rating South Africa’s state-owned power company Eskom Holdings SOC Ltd. was upgraded two notches by S&P Global Ratings, which cited the government’s substantial financial support plans. The company’s credit rating was lifted to B, five levels into junk, from...
  4. Hanno Labuschagne

    Eskom owed R62 billion by municipalities

    Eskom owed R62 billion by municipalities South Africa’s electricity distribution system is “an albatross” beset by fighting between the national power utility and municipalities as the government takes steps to stabilise the grid, according to the electricity minister. State-owned Eskom...
  5. Hanno Labuschagne

    Eskom's debt outlook switched to positive by Moody's for 1st time in 15 years

    Eskom's debt outlook switched to positive by Moody's for 1st time in 15 years Moody’s Investors Service raised its outlook on Eskom Holdings SOC Ltd.’s debt ratings to positive for the first time since 2007 after South African Finance Minister Enoch Godongwana said that the government could...
  6. Hanno Labuschagne

    Eskom might have to make R45 billion more in debt this year

    Eskom might have to make R45 billion more in debt this year South Africa’s beleaguered power utility may need to raise R45 billion of debt this year to refinance upcoming obligations, purchase diesel and pay inflation-beating salaries to workers, according to S&P Global Ratings. That’s an...
  7. Hanno Labuschagne

    Eskom must cut 10,000 jobs to get bailouts

    Eskom must cut 10,000 jobs to get bailouts South Africa’s government plans to restructure state power utility Eskom Holdings SOC Ltd.’s debt before elections in 2024, and will only provide additional support if the company sells assets and cuts jobs, Finance Minister Enoch Godongwana said...
  8. Hanno Labuschagne

    Eskom's massive debt problem won't be solved by unbundling

    Eskom's massive debt problem won't be solved by unbundling Futuregrowth Asset Management said that despite efforts to make South Africa’s Eskom Holdings SOC Ltd. profitable, including a process of unbundling its divisions into separate entities, “the core problem of debt” has yet to be...
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