Eskom can be easily fixed in about three years, according to Mick Davis, a former executive at the utility who served on a task team established by President Cyril Ramaphosa in 2018 to find solutions to its problems.

To revive the company, which has a debt load approaching more than R450bn and has already been identified as one of the biggest risks for the sovereign, a cash injection from the state would be needed, as well as the urgent reintroduction of skills, sensible coal contracts and freedom from political meddling, said Davis...

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 articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now