Sovereign Analysis /
South Africa

South Africa: Little evidence of reform momentum beyond its power sector

  • Recent Eskom reform and changes to electricity generation regulations are positive but will take years to bear fruit

  • Beyond this there is seemingly little reform momentum and we don't expect a positive policy shift ahead of 2024 election

  • The most likely scenario ahead continues to be a painful muddle-through; Buy on Eskom '25s and Sell on South Africa '25s

South Africa: Little evidence of reform momentum beyond its power sector
Patrick Curran
Tellimer Research
23 May 2023
Published byTellimer Research

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