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Managing South Africa's Exposure to Eskom : How to Evaluate the Credit Risk from the Sovereign Guarantees? (English)

The South African government offers various support mechanisms to support Eskom, the state-owned electric utility, and the independent power producers in providing low-cost electricity, including credit and payment guarantees. Guarantees constitute contingent liabilities to the government and pose risks to government finances. This note illustrates the methodologies explored by South Africa to assess the credit risk from guarantees extended to Eskom...
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Bachmair,Fritz Florian; Aslan,Cigdem; Maseko,Mkhulu.

Managing South Africa's Exposure to Eskom : How to Evaluate the Credit Risk from the Sovereign Guarantees? (English). Policy Research working paper|no. WPS 8703 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/162801547570854145

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