Moody's says split plan does little to solve South Africa's Eskom financial woes

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The South African government's plan to split struggling state power company Eskom into three entities does little to address the company's financial difficulties, credit ratings agency Moody's said in a research report. "The move paves the way for a more transparent group with more clearly allocated revenue and cost between business segments," Moody's said, adding that Eskom remained a significant risk to the country's fiscal strength.

Read More: http://www.engineeringnews.co.za/article/moodys-says-split-plan-does-little-to-solve-south-africas-eskom-financial-woes-2019-02-11

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