News that bodes well for IVZ overnight via Bloomberg... [ATTACH]...

News that bodes well for IVZ overnight via Bloomberg...


https://www.bloomberg.com/news/articles/2020-07-09/eskom-warns-s-africa-power-cuts-likely-as-cold-increases-demand


Some key points worth noting;

“South Africa’s state-owned utility warned of a “high probability” of power cuts through the weekend as a cold front increases demand, contradicting its previously optimistic outlook on outages.”

“Eskom, a nearly century-old monopoly that generates most of the nation’s electricity, has become an economic liability. Its poorly maintained coal-fired fleet is unreliable and saddled with debt of 450 billion rand ($26.7 billion), the loss-making company relies on government bailouts just to make interest payments”

“The company will rely on diesel-fueled turbines designed for peak use to stave off the cuts, which will increase costs the utility is trying to reduce, he said. A number of generation units have experienced unplanned breakdowns or have been delayed in returning to service, according to Eskom.”




If we look at the size and location of IVZ it will be in the box seat given a potential discovery. The region is STARVED of cheap power. IVZ highlighted this late last year...










A discovery of any sort will allow IVZ to monetise the asset extremely easily and handsomely, it’s the perfect storm for IVZ... if a discovery is made.