MPS Plan to Reform ESKOM Could Help South Africa Avoid Junk Status

Treasury says South Africa could avoid a credit rating downgrade if it can move rapidly on implementing a credible plan to restructure Eskom. Moody’s is the only one of the three big rating agencies that still has South Africa at investment grade, with a stable outlook. Cabinet says efforts to ensure the power utility’s sustainability are underway in earnest.

Meanwhile the National Energy Regulator of South Africa (NERSA) has started their nationwide hearings in Cape Town which will help set the prices and tariffs for Eskom. Loveworld News reporter Innocent Semosa has been tracking the Eskom story to try make sense of the challenges facing Eskom today, His report.

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