Eskom is heading for a load shedding-free winter – yet electricity reform has stalled, a top business lobby has warned.
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Upgrades from S&P, Fitch and Moody’s reflect fiscal discipline after 15 years of deficits.
Eskom CEO Dan Marokane has said new electricity trading rules are close and that the utility is tooling up to trade.
Telkom fought to keep its network and South Africa lost a decade. Eskom risks making the same mistake.
The fight over who owns South Africa’s transmission grid has burst spectacularly into the open.
Business is calling for urgent intervention to stabilise a city that accounts for 16% of South Africa’s GDP.
Eskom’s generation recovery is working, but unbundling has stalled and municipal debt signals deeper trouble.
The president’s clarity of electricity reform was welcome but his silence on de-industrialisation was alarming.
South Africa will push ahead with breaking up Eskom and creating a standalone company to run the transmission grid.
Eskom’s revised unbundling plan threatens grid investment. President Ramaphosa must clarify his stance on electricity reform.