Energy
South Africa Power-Line Rollout to Spur Bond-Market Revival
- State transmission company plans to spend 112 billion rand
- Raising capital may be hard without government guarantees
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A multibillion-dollar plan to expand South Africa’s electricity transmission network may throw a lifeline to the country’s corporate bond market as it struggles to recover from a post-pandemic slump.
The National Transmission Company South Africa, a state-owned business that will operate separately from parent Eskom Holdings SOC Ltd., said this week it plans to spend 112 billion rand ($6.4 billion) on transmission capacity over the next five years.