Eskom notes Moody’s downgrade with disappointment - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

decision to downgrade the power utility’s credit rating of its unsecured debt deeper into sub investment grade.Moody’s has warned that Eskom faces significant challenges that are not easy to solve.

These include very high indebtedness, limited revenue growth and non-payment by the municipalities.He says Eskom will continue to work closely with shareholder ministries to resolve the current challenges.Eskom’s debt is estimated at over R440 billion.

LandNoli Is it Eskom or Pravin?

What if we heard power to shut you off was it gonna be good. Ye 🙄

LandNoli Today dogs of WMC are against Moody’s last during Cde Zuma government same dogs of WMC were happy for Moody’s

Unathi_Kwaza Eskom management must be exceedingly dof and in perpetual delirious denial if they did not see this speeding train coming down the line at them. Bliksem.

Unathi_Kwaza Eskom management must be exceedingly dof and in a perpetual state of delirious denial if they did not see this train speeding down the tracks. Bliksem.

Unathi_Kwaza 'I am shocked and I am sorry' says Jabu Mabuza Mr everything of ESKOM

Unathi_Kwaza

During the Zuma era this would have been such headline news. That the CEO is a stooge and must go. But CyrilRamaphosa and Eskom_SA says they are fixing. All we see and hear is that they keep going backwards! No more 'thief' to blame! Disappointing!

Bloody idiots.. why are they suprised? What did they expect?

Moody can go to hell

I did. Not. See. This. Coming. What an unexpected nasty surprise. Thank you eskom. I love surprises. Any more for Christmas?

Eskom leadership pull your selves together for the best of the of our country please Moody's they are doing their own job do yours eskom.

😂. What were they expecting?

Can someone do the job for eskom

Ignorance is bliss🙄

Excuse me? You’re half the fcken problem Eskom! Eskom_SA

Those who want Eskom to be privatized are now salivating, Eskom is ripe for the takeover. Job well done Jamandas.

If South Africa is an integral part of BRICS, why beg Moody’s which an extension of global Central banks . Yes! The nuclear option would have worked but South Africa is being incarcerated by British and Rothschild debt

Let's hope is not a ldea of putting Eskom on sale

? What? Disappointment? They’ve been given how many lifelines? They’ve done exactly nothing to correct the situation, but expect the world to treat them the way the corrupt anc does? Really, these people can’t solve the problem if they can’t even see what the problem is!

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Eskom is single-handedly obstructing SA’s desperately needed growthEskom is obstructing SA’s desperately needed growth. It is making a tripartite demand – to government to spend money it does not have; to households to pay more for less electricity; and to businesses to pay more for producing less, writes Jason Musyoka 🙄😴 There arebno strategies that can ever fix issues of Eskom & all other SOE's except holding people who looted Eskom accountabl, sell all their assets and return the tax payers money to where it belongs. Another that they'll keep on singing the same song & lying to us. jasonmusyoka has zero knowledge of Energy or Eskom... almost as bad as hawiknowledge1. energyexperts fakenews
Source: City_Press - 🏆 7. / 72 Read more »