S&P Global upgrades SA’s long-term foreign currency rating to ‘BB’

The S&P Global logo is displayed on its offices in the financial district in New York City. S&P Global on Friday upgraded South Africa‘s foreign currency long-term sovereign credit rating to “BB” from “BB-“, citing stronger growth prospects, an improving fiscal outlook and lower contingent liabilities following performance improvements at the state-owned electricity utility, Eskom….

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Future nuclear builds to boost SA Eskom system: Ramokgopa

This morning Minister Dr. Kgosientsho Ramokgopa briefed the media regarding significant updates on key developments in South Africa’s Nuclear Energy Program. The Minister of Electricity and Energy, Kgosientsho Ramokgopa, has announced that Eskom plans to add 5.2 gigawatts of new nuclear capacity to the national system through future nuclear builds. This is part of a…

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