Eskom says S&P’s decision on debt assessment a step in the right direction

27 March 2023 Curated In the News Archive Comments Off on Eskom says S&P’s decision on debt assessment a step in the right direction

The original article can be found here.

Article Highlights:

  • Eskom said that the move by S&P Global Ratings to place the embattled power utility’s debt assessment on positive watch was a step in the right direction.
  • The bailout, worth over R250 billion over three years, could see S&P upgrade Eskom’s rating.
  • The power utility said that the decision by S&P was an indication to the market that the agency could still improve Eskom’s rating by one or two notches.

Related Articles

Special Features Archive

Dispositions without value: Are monies deposited into attorneys’ section 86 trust accounts by clients, invulnerable?

25 October 2022 Thought Leadership Special Features Archive Comments Off on Dispositions without value: Are monies deposited into attorneys’ section 86 trust accounts by clients, invulnerable?

Section 26 of the Insolvency Act 24 of 1936 (Act) acts as a protective barrier for creditors as it regulates dispositions made without value. This barrier found particular importance in the recent case of Van […]