Analysts believe Moody’s will welcome the government’s intention to reduce the public sector wage bill
Eskom gets R69-billion in additional funds for its restructuring plans but no debt relief deal
Finance minister faces an unprecedented task in delivering this year’s budget – given a deteriorating economic backdrop and an ongoing crisis at Eskom
A perfect storm of factors has left Eskom operating on the edge and South Africans facing more power cuts in the coming weeks
An earlier presentation by the department of public enterprises offered a grim diagnosis of Eskom’s future. It has since been corrected
The department outlined the financial and operational problems facing the utility, which began load-shedding on Monday
But the board remains ‘uncomfortable’ with the stability of the power system
The power utility announced on Monday afternoon that load-shedding would move from stage 2 to stage 4 from 1pm
The pressure on Eskom bonds has eased and the rand has rallied but global events can reverse the gains
But critical detail is still needed when it comes to plans to address the country’s economic challenges, starting with Eskom