No load shedding in 2016 - TechCentral

No load shedding in 2016

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There will be no load shedding this winter and next summer, Eskom CEO Brian Molefe said at a system status briefing in Cape Town on Thursday.

He said the power utility does not anticipate load shedding for the 2016/2017 financial year.

Molefe also said the trust Moody’s has placed in Eskom is not misplaced. The power utility managed to stave off a downgrade by the ratings agency, but was assigned a negative outlook.

Moody’s stated that Eskom’s outlook could be revised to stable if it continues to improve and stabilise its operational and financial performance‎.

“The trust that Moody’s has placed in us is not misplaced,” said Molefe. “We then will be able to get the South African economy growing again.”

This quarterly briefing is deemed the most important as the country heads into the winter season.

Fin24

2 Comments

  1. Mike Watkins on

    anyone who believes this, probably, also believes that SA’s clown king has honesty and leadership potential;

  2. Anyone who believes what, exactly!?

    That: “the power utility does not anticipate load shedding for the 2016/2017 financial year.”
    OR that: “Moody’s stated that Eskom’s outlook could be revised to stable if it continues to improve and stabilise its operational and financial performance‎”. OR that: “The trust that Moody’s has placed in us is not misplaced, We then will be able to get the South African economy growing again.”

    Or Is there something I’m missing about the article!? Bitterness about nothing is not good for one’s wellbeing