EDITORIAL: Migration from Eskom has begun
Power utility’s sales are likely to decline 2% a year, says Fitch
06 June 2023 - 05:00
In normal circumstances, one might expect a state electricity producer to want to sell as much of its product as possible. But these are hardly normal times, as stage 6 load-shedding becomes a semi-permanent feature of our lives, another tangible symptom of the death spiral that SA’s state-owned companies find themselves in.
In the scramble for solutions, the private sector is set to take a more prominent role in electricity production and rail and water concessions. It is a belated admission that the state, beset by corruption and policy drift, cannot do it alone. ..
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