SOUTH AFRICA: Eskom – the high price of inaction

Africa

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Power utility Eskom’s “level 4” load-shedding on 2-3 September confirms pervious warnings about the record level of load-shedding that is threatening South Africa’s post-Covid-19 recovery. At the same time, ballooning debt problems will intensify pressure on the government to find a financial solution for bailout-guzzling Eskom, but it is still doubtful whether the government can achieve any significant progress by the time of the Medium-Term Budget Policy Statement (MTBPS) in October. Unplanned outages Highlighting just how precarious South Africa’s economic recovery prospect
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