Archive for February, 2018

Eskom gets another S&P downgrade following 2018 Budget

S&P Global Ratings has again downgraded the long-term debt of Eskom. The power utility’s debt has been rated ‘CCC+’, the seventh rung of non-investment grade, with a negative outlook. It was previously classed as ‘B-‘, the sixth rung of junk debt. In a media statement S&P said the cash-strapped power utility remains at risk of a default in […]

Wind industry anticipates the signing of outstanding PPAs

The South African Wind Energy Association (SAWEA) has issued a statement in response to President Ramaphosa’s Cabinet reshuffle this week, which ushered Cabinet veteran Minister Jeff Radebe into the energy portfolio with immediate effect. The association welcomes the appointment of three key ministers who are directly concerned with achieving South Africa’s energy security, regaining investor confidence […]