South Africa Power-Line Rollout to Spur Bond-Market Revival
A multibillion-dollar plan to expand South Africa’s electricity transmission network may throw a lifeline to the country’s corporate bond market as it struggles to recover from a post-pandemic slump. The National Transmission Company South Africa, a state-owned business that will operate separately from parent Eskom Holdings SOC Ltd., said this week it plans to spend 112 billion rand ($6.4 billion) on transmission capacity over the next five years. The NTCSA — which started up on Monday — said it’s considering building infrastructure itself or paying for developers to construct transmission lines and then taking them over, as well as “independent...
