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View Full Version : Eskom to Spend 385 Billion Rand, May Need More Government Funds - Bloomberg



NewsWhore
04-01-2009, 02:40 PM
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Eskom to Spend 385 Billion Rand, May Need More Government Funds (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601116%26sid%3DaSi16PyVUmrE%26refer%3Dafrica&cid=1324303162&ei=Z7bTSdGCFpvW7AOKitzaCA&usg=AFQjCNEe63pqyFLNdADSuGGJNm76grWbnQ)
Bloomberg
11 cut Eskom’s foreign currency credit rating by three levels to Baa2 because of the lower than expected tariff increase and “aggressive” proportion of debt on its balance sheet. Eskom is likely to apply to raise electricity prices by 34 percent in the ...


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