The Eskom crisis is sometimes presented as a series of mild and victimless misdemeanours. True, SA’s public finances have been imperilled and the country’s energy security has been threatened, but surely a revamped board will set the finances straight? And the nuclear sideshow has surely drawn to a close? Most of Eskom’s looting beneficiaries remain remarkably sanguine about the results of their actions. Many of the parastatal’s problems were highlighted two decades ago, when the then department of minerals and energy launched its vaunted energy white paper. Governments around the world were moving away from vertically integrated and monopolistic power monoliths. The recommended pattern of reform was to separate power generation, the transmission grid and distribution systems. Independent power producers (IPPs) would bring competition and cutting-edge technologies to generation. An independent grid would be overseen by a powerful regulator. Big energy users and regional electricity ...

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.