Load-shedding will remain a reality for South Africans for the foreseeable future. This has been confirmed by the CEO of Eskom, Andre De Ruyter, during his recent update on the state of the power utility’s generation system.
South Africa fell deeper into junk territory after Moody’s Investors Service joined Fitch Ratings in lowering the country’s credit ratings on Friday.
Moody’s cut the nation’s foreign- and local-currency ratings to Ba2, two levels below investment grade, from Ba1. The outlook remains….