Eskom is heading for a load shedding-free winter – yet electricity reform has stalled, a top business lobby has warned.
Browsing: Busi Mavuso
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.
The fight over who owns South Africa’s transmission grid has burst spectacularly into the open.
Johannesburg’s R5.3-billion debt threatens its power supply, but the even bigger fight is over structural electricity reform.
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.