Eskom's slow political death, SA probably in recession and graylisting a fait accompli - Economist Dawie Roodt

South Africa’s stricken power utility will get debt relief to the tune of R254 billion over the next three years year, but economist Dawie Roodt says the indication by Finance Minister Enoch Godongwana and President Ramaphosa that municipalities debt may be written off and that the power utiity should not implement Nersa increases meant that the Eskom problem would not be solved. Reacting to the Minister's 2023 budget, Roodt said he did not think that the Minister’s economic growth estimate will be achievable; judging from the South African Reserve Bank’s leading indicator that predicts what economic growth is likely to look like over the next couple of quarters, South Africa is probably in a recession. He also believes the Minister had inside-info that South Africa will be gray listed. Learn more about your ad choices. Visit megaphone.fm/adchoices