Rating agency Moody’s believes that South Africa can improve its liquidity and mitigate funding risks if Eskom can deliver on its relief plan.
In late June, the coldest part of the Southern Hemisphere winter, the power went out in South Africa. For as many as eight hours a day, right into early July, traffic lights went dark, factories and offices shut down, and…
Underinvestment in water and electricity infrastructure makes South African towns and cities vulnerable to events such as floods and disruptions in these services can be a credit risk for some municipalities, Moody’s Investors Service said.