Time is running out. It is inconceivable that finance minister Tito Mboweni stands up in parliament in October to deliver his medium-term budget without it including a detailed exposition of how Eskom will be rescued.

There is a desperate search for a permanent CEO — I understand former Telkom and First Rand CEO Sizwe Nxasana has been approached (the government says it is looking for a leader, not a technician) — and only a half-hearted version of the much-touted chief restructuring officer (an Mboweni invention designed to create someone who reports to government on how its funds are being spent by miscreant state-owned entities) is in place...

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