Carol Paton Writer at Large

Public enterprises minister Pravin Gordhan and Eskom’s top leadership on Thursday declared that Eskom is in crisis with an unprecedented breakdown of old plants due to neglect and exceptionally poor performance of new units due to poor quality work by contractors. But although Gordhan gave an extensive briefing on Eskom’s operational difficulties, he did not provide answers on Eskom’s bigger problem, its financial crisis. The omission spooked bond holders, whose concerns are mounting as they may have to take losses on their holdings. If you are already a subscriber, please click on the following link to go to the full article: Gordhan issues call to arms on Eskom crisis If you would like to subscribe to BusinessLIVE to read the full story, please click here.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.