SA's new reality: 9 things you need to know about load shedding to help you see the light | Fin24
Minister of Public Enterprises Pravin Gordhan on Tuesday shocked South Africa with the news that Eskom’s rickety state is much worse than initially thought and that it is unclear when load shedding will stop. This is what you need to know.: Eskom and government believed it would have been able to put to bed the utility’s major issues by January 2019. It didn’t happen, the problems are much deeper and now we will have load shedding for the foreseaable future.
: The remnants of the state capture project are still alive and active in the bowels of Eskom, resisting change and thwarting attempts at recovery. The culture of the organisation is such that more than 3 000 employees have been identified that have set up businesses and other vehicles to fleece the company, while a brazen attempt to swindle more money out of the company was blocked in the last 48 hours. : Eskom cannot finance itself. It cannot lend. It can only rely on government guarantees.
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