South African President Cyril Ramaphosa said the energy department will take over responsibility for overseeing state utility Eskom, which has been failing to meet the nation’s power demand since 2008. | News24_Business
South African President Cyril Ramaphosa said the energy department will take over responsibility for overseeing state utility Eskom, which has been failing to meet the nation’s power demand since 2008.
"It is a clear mandate from conference," Ramaphosa told reporters at a media event in Johannesburg on Monday. Eskom, which supplies more than 90% of South Africa’s electricity, has been at the epicenter of a national energy crisis, because its old and poorly maintained plants can’t generate adequate power to meet demand. It subjected the country to a record 205 days of rolling blackouts last year, which stymied economic growth and investment.
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