Jabu Mabuza

CAPE TOWN – Eskom noted with “disappointment” Moody’s Investors Service’s decision to downgrade the power utility to B3 from B2, the long-term corporate family rating (CFR) of Eskom Holdings, and the zero coupon euro bonds to B3 from B2.

Eskom chairperson Jabu Mabuza has been appointed as the acting chief executive at the power utility.