On THE MONEY
STUART THEOBALD: Business, like everyone else, has a role to play in keeping Eskom alive
The future of Eskom is the future of SA. If it fails, the whole country does. The urgency and commitment that is needed to rescue Eskom is desperate. Without a sustainable solution the government’s finances will topple into the abyss and the economy will be plunged into darkness. The solution is clear, but it is hard. Every part of society and every stakeholder must pull together and shoulder the pain to put Eskom right. That needs very clear political leadership and very clear leadership of Eskom. Right now the two are at odds. Eskom’s problem is a solvency one and an operating one. The solvency problem is a shareholder and lender problem. The operating one is an executive management problem. These are different competencies, and different parties should be responsible for addressing them. But both must be solved if the solution for Eskom is to be sustainable. As a country, we are capable of pulling together when we have to. The ending of the Zuma kleptocracy is just the most recen...
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