Molefe: No load shedding this winter
12 May 2016
Cape Town - 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 Investors Service (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.