No-one wants the lights to go off. Not the companies that require electricity to produce their goods and services, citizens who need household electricity, or Eskom employees who need their jobs. But this is precisely what will happen if Eskom cannot find a solution to its mammoth R450bn-plus debt. Eskom’s financial situation is so dire that it is unable to finance its operations without continued bailouts.

For the utility to continue functioning, at least half its debt needs to be struck off its balance sheet, but there is very little consensus on how this should be done...

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.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.