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Rand slightly softer after Gordhan's Eskom announcement - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Rand slightly softer after Gordhan's Eskom announcement via SABCNewsOnline

The local currency recovered earlier in the week after Moody's ratings agency surprised markets and kept the country's credit rating unchanged at investment grade.by Minister of Public Enterprises Pravin Gordhan that there will be no further power cuts and that government is discussing another support package for debt ridden Eskom.

Gordhan stated that if load shedding were to be implemented, it would likely be at stage one until August. The local currency recovered earlier in the week after Moody’s ratings agency surprised markets and kept the country’s credit rating unchanged at investment grade.

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We understand Eskom issues better now: Gordhan - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Eskom Board Chairperson Jabu Mabuza says following a cost benefit analysis review, Eskom has decided that it will be more beneficial to the country to continue with the new build program.
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