There is a difference between acknowledging complexity and weaponising it to resist change, writes Busi Mavuso.
Browsing: Business Leadership South Africa
Investors have been waiting to see whether South Africa would actually follow through on real energy sector reform.
The transmission operator will own the assets outright, reversing a plan approved by the energy minister in December.
Eskom is heading for a load shedding-free winter – yet electricity reform has stalled, a top business lobby has warned.
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.
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.