The facts are that Eskom is grossly undercapitalised and overstaffed. It is in a death spiral it will not escape unless the ANC deals with the obvious causes.
Both issues are politically difficult: firing staff will anger the unions, and finding a large sum of money to capitalise the utility will mean other spending will have to be curtailed or cancelled. Alternatively, the ANC could move on the overstaffed public service as a means of reducing spending. This too would have repercussions...
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