Posts tagged as government

Without ongoing financial support from government, Eskom will collapse

Eskom’s chairperson and acting CEO, Jabu Mabuza, says that the power utility is no longer able to borrow money from financial institutions – because it is struggling to meet the commitments on its massive existing debt – and that its only short-term option is to turn to the shareholder (i.e. the South African government) for […]

Why South Africa’s energy generator is in so much trouble

Eskom is by far the largest of South Africa’s many state owned companies. This near monopoly power utility is in crisis. It’s the single largest threat to South Africa’s economy, according to a former minister of finance. Wits Business School’s Adjunct Prof. Rod Crompton explains why this is the case and what can be done. […]