Unbundling may save Eskom from loans and load-shedding
Given that Eskom is too big a machine, the diagnostic process is a difficult one, necessitating its dismantling so as to locate the cause of its malfunctioning
As we accept the reality that Eskom’s load-shedding is once more upon us, we should also shed a tear for President Cyril Ramaphosa’s noble plans to fix the SA economy, and for his investment envoys and job creation initiatives. Eskom’s decelerating profit levels and increasing inability to repay its almost R435bn debt or the compounding loan interests are worrisome. Of greater concern is that the details of loan agreements signed between Eskom and the Export-Import Bank of China (Exim), with ample support from the China Development Bank, are shrouded in secrecy.
PODCAST: Business Spotlight for more insight and analysis..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.