ZIMBABWE PRESIDENT IN ENERGY TALKS WITH ESKOM

ZIMBABWE PRESIDENT IN ENERGY TALKS WITH ESKOM

President Mnangagwa held talks with President Ramaphosa over Zimbabwe Energy issues.

President Emmanuel Mnangagwa has held talks with President Cyril Ramaphosa of South Africa toward solving the nation energy problem. The bilateral meeting was to find a lasting solution to Zimbabwe power challenges.

During the meeting, President Mnangagwa announce that …

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ENERGY GAINT IN SOUTH AFRICA ESKOM POSTS U.S $170 MILLION LOSS

ENERGY GAINT IN SOUTH AFRICA ESKOM POSTS U.S $170 MILLION LOSS

ENERGY GAINT IN SOUTH AFRICA ESKOM POSTS U.S $170 MILLION LOSS

Eskom a South African electricity public utility suffers a net loss of R2.3bn in 2018, compared with a R0.9bn profit the previous year. This statement was revealed at its financial results presentation on Monday.

The poor results were allegations …

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MOODY’S DOWNGRADE SOUTH AFRICA’S ESKOM

MOODY’S DOWNGRADE SOUTH AFRICA’S ESKOM

Eskom recently downgraded by rating agency Moody’s.

Eskom’s long term collective family rating has downgraded by the Global ratings agency Moody’s. The downgrade was from B1 to Ba3 with warning that the ratings remains under review.

The rating agency pegged the downgrade to Eskom’s falling liquidity and the¬†the ability …

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