JOHANNESBURG - South Africa's state power utilityas its capital structure is unsustainable, credit ratings agency Moody's said on Tuesday in a report which sent the rand to a two-month low.
"The company's operational and financial performance has deteriorated, indicating the extent of the challenges facing Eskom in meeting its debt obligations absent government support," Moody's said in a note.
Eskom: SouthAfrica must be the ONLY country in the world, where the governing party is allowed to waste BILLIONS in taxpayers' money to continually fail to fix the problems they themselves are responsible for - and still remain in power!
Here it comes😩 asking4 another bailout 😱😡
No plan will save Eskom as long as the ANC is the ruling party and is bent on its so called Transformation. I guess it serves us right as we continue to keep the ANC in power.
Yeah. We've known that for some time genius!
No shit Sherlock! Moody’s, get with the programme guys.
who voted for MoodysInvSvc ?
Some people get free power others must pay.Animal farm.Sounds familiar.
After 18 months with thumami in power, we are still talking about turn around strategy... I give up
A EUPHEMISM FOR PRIVATIZATIONOF THE PROFITABLE PARTS OF ESKOM AND NATIONALISATION OF ITS DEBT .YES,THAT US WHAT THUS UNBUNDLING IS ALL ABOUT .
A former taxi boss is in charge of the whole institution,good luck to the turnaround plan
Whose Moody's?
The board of eskom for the passed 10 yrs needs to jailed and executed for bankrupting the country.