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RSS Feeds`Eskom a major source of fiscal and general macroeconomic risk`
(WorldNews Business)

 
 

22 january 2020 08:27:48

 
`Eskom a major source of fiscal and general macroeconomic risk`
(WorldNews Business)
 


JOHANNESBURG - One of the country´s leading banks has warned that Eskom´s rotational power cuts could have weakened the country´s fourth-quarter growth and could weaken the country´s debt position, leading to an all-but-certain downgrade by Moody´s in March. Absa said yesterday that Eskom´s elevation of load shedding to Stage 6 in December had left the country vulnerable to the downgrade, which would trigger a massive instability in the financial markets and raise the cost of borrowing. Absa said during the presentation of...


 
25 viewsCategory: Business
 
WATCH: Rand strengthens overnight
(WorldNews Business)
Distribution Schedule 1 page 32.0KB
(WorldNews Business)
 
 
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