100 years of Eskom | The power utility’s not-so-celebrated centenary comes a week after the government threw it a long-wished-for lifeline in the form of a R254 billion debt relief package. MORE HERE:
The debt takeover promises to alleviate the extreme pressure on Eskom’s balance sheet — which has fed into a 15-year energy crisis, threatening to break the back of the country’s already fragile economy.
The treasury’s proposed debt relief, which has a number of conditions attached to it, is also aimed at “aiding the restructuring of the electricity market to help South Africa establish a stable, uninterrupted power supply as it transitions to a clean energy future”. But analysts have warned that this and other interventions to restructure the country’s electricity market do not guarantee energy security. This is asSupport the journalism that helps you navigate your world
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