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Eskom Court Case to Boost Inflation or Fiscal Risks - NERSA in a Bind

SOUTH AFRICA

LOCAL NEWS

  • Eskom court case today could see electricity prices jump between 10-20% on 1 April 2021 (4-5x inflation) if its application is successful.
  • Eskom says if it is not granted this "will not only threaten its continuance, but the entire fiscus of the country due to its indebtedness".
  • If the appeal is not granted Eskom will suffer an income statement loss of R25.3bn , resulting in a negative cash balance of R3.9bn - Energy expert Chris Yelland Via Twitter
  • 0900GMT National Treasury auctions 2 billion rand of inflation-linked bonds due 2025, 2038 and 2046 at its weekly debt sale
  • 1000GMT Trade balance Dec exp at R30.0bn vs R36.7bn prior
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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