BofAML

11 Feb 2020

Does Cosatu’s plan for Eskom make sense?

By Janice Roberts

On February 3rd, the Congress of SA Trade Unions (COSATU) - which forms a tripartite alliance with the ANC and the SA Communist Party - announced a plan to fix Eskom's balance sheet issues, recommending that R254bn of Eskom's total debt of R464bn be transferred to an SPV (special purpose vehicle) formed between the PIC, other South African DFIs (the Industrial Development Corp. (IDC) and the Development Bank of South Africa (DBSA)) and private lenders.

29 May 2019

BofAML: Revising SA growth and talking cuts

By Janice Roberts

BofAML has issued the following note: By Rukayat Yusuf and Ferhan Salman. We lower our South Africa growth projections to 0.9% and 1.3% for 2019 and 2020 (previous: 1.3% and 1.5% respectively). We estimate output likely contracted by 2.0% in Q1 as weakening global conditions coincided with domestic electricity shortages and mining sector disruptions. We estimate that a 1% shock to China...