Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

Moody's says split plan does little to solve South Africa's Eskom financial woes

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/11/2019 | 05:29am EDT
An Eskom logo is seen at the entrance of their head offices in Sunninghill, Sandton

JOHANNESBURG (Reuters) - The South African government's plan to split struggling state power company Eskom into three entities does little to address the company's financial difficulties, credit ratings agency Moody's said in a research report.

"The move paves the way for a more transparent group with more clearly allocated revenue and cost between business segments," Moody's said, adding that Eskom remained a significant risk to the country's fiscal strength.

"However, in and of itself it does little to address Eskom's financial challenges," Moody's said.

(Reporting by Alexander Winning, editing by Louise Heavens)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Economy & Forex"
06:32aMalawian telecoms company TNM's 2018 profit up 27 percent
RE
06:28aEBRD EUROPEAN BANK FOR RECONSTRUCTION AND DEVELO : Emerging economies need to rethink development model to escape middle-income trap - EBRD study
PU
06:27aIraq says it has enough oil capacity to meet customer needs
RE
06:23aUK 5G supply chain review will report when ministers have made decisions - minister
RE
06:19aUK retailers report first rise in sales for five months - CBI
RE
06:18aSMS GMBH : Hitachi Metals grants FAC to SMS group for 90/108 MN open-die forging press
PU
06:17aTaylor Wimpey warns on margins, British homebuilders slump
RE
06:17aUber back on the road in Slovakia after court ban
RE
06:15aChina's March Iran oil imports down 25 percent from year ago - Reuters calculations
RE
06:15aWhat to Watch in the First-Quarter GDP Report
DJ
Latest news "Economy & Forex"
Advertisement