Eskom’s links to the private sector are central to its dysfunction
The role of private business in the energy sector is complex
Much has happened since President Cyril Ramaphosa first announced his plan for the unbundling of Eskom in his state of the nation address (https://webmail.timesmedia.co.za/owa/redir.aspx?REF=-m0hxHOGp4_intAZqwMip3X77I6v8WFneDm9rB8Ey10lqCfLXPnWCAFodHRwczovL3d3dy5nb3YuemEvc3BlZWNoZXMvcHJlc2lkZW50LWN5cmlsLXJhbWFwaG9zYS0yMDE5LXN0YXRlLW5hdGlvbi1hZGRyZXNzLTctZmViLTIwMTktMDAwMA..) (Sona) on February 7.
The utility’s debt and financial viability turned out to be worse than expected, as Eskom has limped on with only enough in its coffers to cover a few months’ operational costs. ..