Top S&P exec says Eskom in danger of debt default

Jan 18 2018 22:00

The global ratings agency spoke out on the same day that Finance Minister Malusi Gigaba and Investec voiced concerns about Eskom's financial situation.


Eskom crisis could lead to another downgrade

Jan 18 2018 17:22

Eskom's pressure on South Africa's fiscus could see further credit downgrades from the rating agencies, a new risk report from Investec has warned.


Eskom could collapse SA economy, warns Gigaba

Jan 18 2018 10:50

Finance Minister Malusi Gigaba has warned that if Eskom is not dealt with urgently, South Africa's whole economy could collapse by the time the World Economic Forum in Davos ends.


Eskom plays waiting game before challenging Nersa tariff ruling

Jan 16 2018 06:01

Eskom says it is awaiting the national energy regulator’s reasons for determining a 5.23% tariff increase, before taking any decisions to challenge it.


Eskom commits to publishing interim results by January 31

Jan 15 2018 14:19

The power utility says it will release its interim financial results by the JSE's deadline of January 31, after the stock exchange earlier warned it may delist its bonds.


JSE may suspend Eskom bonds over late financials

Jan 15 2018 10:58

The JSE has issued a warning to holders of Eskom debt securities, saying it will suspend the listing if the power utility fails to submit its interim report by January 31.


Eskom 'targets' fair, ethical workers

Jan 14 2018 06:00

Eskom is “desperate” to get rid of people who are committed to fair, ethical and lawful practices, says Suzanne Daniels, the suspended head of Eskom’s legal department.


Eskom reviewing impact of lower tariff increase

Jan 12 2018 12:08

The power utility says it is still studying the impact of the lower tariff increase it was granted by Nersa in December.

Inside Fin24.com


Eskom cash crunch concerns mounting, despite denials

Jan 11 2018 17:56

Eskom has denied that it faces imminent bankruptcy, as reports of its dire financial situation raised concern.


Can Eskom avoid a financial death spiral?

Jan 08 2018 16:19

The longer it takes to move towards a sustainable electricity industry, the more money will be wasted and the higher the risk of an Eskom default taking the whole economy down with it, says Piet van Staden.

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Steinhoff International, once the darling of fund managers, risks falling out of the JSE top 100.

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