Company Comment
A decade later Eskom remains in crisis
Eskom has been completely unconvincing in its ability to sustainably deliver the electricity the economy needs
SA’s economy and the country’s 55-million people are hearing from Eskom management yet again making excuses for its dismal performance in supplying the country with uninterrupted electricity, showing how little has changed in a decade since the power utility brought the country to a halt in 2008. In that year, Valli Moosa, then-Eskom chairman used the word “crisis” after Eskom declared a “national electricity emergency” in January.
In the decade that has passed since then, Eskom has been completely unconvincing in its ability to sustainably deliver the electricity the economy needs. At a media conference on Eskom, public enterprises minister Pravin Gordhan used the word “crisis” on Thursday and conceded the problem had been more than a decade in the making. That a minister, who was unsparing in his criticism of Eskom’s past actions and who appears to want to get things done has finally taken full control of a state-owned entity’s self-inflicted disaster which is affecting an ...
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