Financial markets concerned about development at Eskom: Economist - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Chief Economist at Econometrix Dr Azar Jammine says former Eskom Chief Executive Officer Andre De Ruyter’s allegations about criminal activities at Eskom have not been well received by the financial markets.

Andre de Ruyter, Group Chief Executive of state-owned power utility Eskom speaks during a media briefing in Johannesburg, South Africa, January 31, 2020.Andre de Ruyter, Group Chief Executive of state-owned power utility Eskom speaks during a media briefing in Johannesburg, South Africa, January 31, 2020.

“Well without a doubt it is not received very well in the financial markets. Not only have they been terrified in the last few weeks about the increased incidents of load shedding and its implications for overall economic growth and tax revenue collection. But now further that the power utility, which is at the heart of the South African economy, is rudderless,“ says Jammine.

“We will challenge him for saying our party is corrupt and failing to prove how, I am not going to wait for some parliamentary committee to summon him for that. We will take action and I am going to write to him through our lawyers, he must prove within 10 or seven days what he said.., we will meet in court. I challenge him he must name those people who he said are corrupt, then he must deal with them himself.”Eskom has been struggling to keep the lights on.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The truth is uncomfortable. And the MYANC needs to be hit where it hurts most. Financially and by forcing transparency in their shady dealings.

Our journalist have mediocre questioning and investigating. No aggression and passion

So just by ignoring bad facts makes it non-existant? Good strategy 👍🏻🤦🏻‍♂️

His my hero, we forgot that Ramaposa went and sold us at Joe Biden no long ago..

Just know wherever you GO Amigos your stupid evil Ramaphosa he is going to pay a price for your head 🗣️ for exposing his evil mafia tactics about destroying the Republic of South Africa through Loadshedding NationalShutdown but Бог поможет нам победить злую русскую армию

And the financial markets are receiving eight hour load shedding well? They were quiet all this time. The next thing we will start hearing from dead rating agencies. We've seen this circus before. Nothing new, they must sit down: on the toilet I mean.

🤣 🤣 🤣 How does SABC interview an economist on a legal issue 🤣expects of jurisprudence would have said something different. how/why do market react over untested allegation yet markets did not react over Phala Phala matter

The danger here Is a civil war. This is deeper than what we hear

“…have not been well received”, why? Because it’s true?

😂😂😂😂😂Did market's behave the same way when Brian and Koko were dismissed? Even when Brian spoke about criminal activities at Eskom markets were not reactive... Why now?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Big Eskom move needed in the Budget - even R200bn in debt relief not enough, warns investor | BusinessSpecialist asset manager Futuregrowth, has warned that the debt relief for Eskom that is expected in Wednesday's budget must be fair to all types of creditors and big enough – well above 50% – to restore the company to sustainability. | News24_Business _Business I still dont get it why is this Eskom top Management still getting those fat cheque monthend ...... coz what is that for _Business Shifting the debt from eskom to govt is an accounting shell game. _Business They must commit at least a trillion to Eskom
Source: News24 - 🏆 4. / 80 Read more »