When it comes to the future of our state-owned enterprises, I think one would be best served to ignore the ideological debates that should be but probably aren't happening within the ANC over the issue of privatisation. The reality is that the biggest SOE, Eskom, is now stuck in a vortex where the only escape, at a date that draws closer every day, is the partial or (in a worst case) full privatisation of the institution. The parastatal finds itself in this precarious position because of its badly managed expansion and governance calamities, and the government's hands are tied, no matter the comrade in Luthuli House or Union Buildings. When Eskom is finally done with the build of its two albatrosses in the name of Kusile and Medupi and the two coal-fired power stations are producing at full tilt, the company will be producing some 55000MW in the year 2023. This is perhaps the most optimistic of all projections, given that in the next five years some of Eskom's existing plants face t...

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