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Now that Eskom’s two big unions, the National Union of Mineworkers (NUM) and the National Union of Metalworkers of SA (Numsa), have accepted Eskom’s generous and probably unaffordable offer of a 7% pay hike, we can probably expect our immediate power crisis to subside a little. But don’t get comfortable.

There are two immediate worries. The first is that yet more damage has been done to a tottering economy, our reputation as an investment destination and, without doubt, to Eskom’s rapidly diminishing capacity to produce electricity. A few days ago indefatigable energy analyst Chris Yelland produced a report that, among its many virtues, contained a graphic showing just how rapidly Eskom’s fleet is failing...

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