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Moody’s Sees No Quick Fix for South African Power Utility Eskom

  • Eskom turnaround plan needs buy-in from all interest groups
  • Comprehensive Eskom policy paper due out later this month
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Africa in Focus: Moody's Says S. Africa Rating Depends on Debt Trajectory, Growth
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Fixing South Africa’s loss-making power utility Eskom Holdings SOC Ltd. is complex and it will take time for the government and the company to agree to a turnaround plan, according to Moody’s Investors Service.