Moody’s warn that Eskom’s problems could persist till 2020

PUBLISHED: Tue, 12 Feb 2019 18:04:46 GMT
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Press release

Key points:

» The electricity system is currently under extreme pressure and the reserve margin is likely to remain tight until at least the mid-2020s

» The country will remain dependent on Eskom Holdings SOC Ltd (Eskom – B2 negative) for the foreseeable future, although its importance could gradually diminish

» Further growth in renewables, embedded generation and new capacity in gas from the mid-2020s, could ease system pressure

For the full report read: http://cnbc.africa/wp-content/uploads/2019/02/Moodys-South-Africs-energy-market-report-12-Feb.pdf

By Helen Francis, a Moody’s Vice President – Senior Credit Officer.

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