EDITORIAL: Put Eskom rescue plan into action already
The government has to be decisive about the failing utility, as there is no time to waste
The parting words of exiting Eskom CEO Phakamani Hadebe at Tuesday’s results presentation were ominous: “Eskom does not need light, it needs fire; it does not need rain, it needs a storm, it needs an earthquake.”
These words, spoken after Hadebe revealed the company’s most disastrous set of financial results, which included a R20.7bn loss, underline the frustration he has faced in his 18 months as CEO in which he was given a job to do but was not empowered to do it. ..