In yet another depressing display of kicking the can down the road, finance minister Tito Mboweni suggested no new measures to help Eskom cope with its paralysing debt load.
That Eskom, in its current configuration, is an inefficient organisation is not in dispute and the government has taken steps to address that issue. But the most pressing problem facing the power utility is the R450bn debt mountain which Eskom is unable to service from cash generated from operations. ..
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