United Kingdom

Olivia Kumwenda-Mtambo

South Africa on edge before Moody's rating review amid power crisis

29 Mar 2019

JOHANNESBURG South African markets are on edge about an impending ratings review by Moody's, with some economists fearful that a power crisis will cost the country its last investment-grade rating and lead to outflows of billions of dollars.

UPDATE 3-South Africa's power cuts to continue as Eskom battles shortages

18 Mar 2019

* Ramaphosa says power cuts worrying (Adds comments from businesses, ordinary people, writes through)

UPDATE 3-After Eskom bailout, focus shifts to South Africa's credit rating

21 Feb 2019

* South African power firm Eskom gets 23 bln rand a year bailout

South Africa pledges $5 billion Eskom bailout as budget creaks

20 Feb 2019

CAPE TOWN South Africa will bail out state utility Eskom with 69 billion rand ($4.9 billion) over three years, the centrepiece of a budget that exposed the limited room President Cyril Ramaphosa has to fix the economy ahead of an election in May. | Video

UPDATE 4-South Africa pledges $5 bln Eskom bailout as budget creaks

20 Feb 2019

* Ramaphosa struggles with divided party before May vote (Adds Moody's, market reaction, Eskom chair, more Mboweni)

UPDATE 2-South African Airways in talks to roll over $650 mln of debt

18 Feb 2019

* In talks with govt to sell majority stake in Air Chefs (Recasts with debt rollover talks)

Eskom in danger of collapse without bailout, South Africa says

13 Feb 2019

JOHANNESBURG/CAPE TOWN South African power utility Eskom needs a cash injection by April to survive, the country's public enterprises ministry warned in a presentation on Wednesday, although it later changed its wording to say the firm was "facing liquidity challenges".

UPDATE 2-Board of South African state pension fund resigns as scandal deepens

01 Feb 2019

* PIC is Africa's biggest pension fund (Adds Treasury comment, details)

South Africa's Eskom evaluating bids for mortgage business

14 Dec 2018

JOHANNESBURG South Africa's cash-strapped power utility Eskom is evaluating bids for its mortgage lending business, a spokesman said on Friday, as the company works to shore up its balance sheet against a backdrop of operational woes.

UPDATE 2-South Africa's Eskom evaluating bids for mortgage business

14 Dec 2018

* Ramaphosa appoints task team to advise government on Eskom (Adds Ramaphosa appointing Eskom task team)

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