A year after leaving the FATF grey list, South Africa’s anti-corruption reforms have stalled.
Browsing: Business Leadership South Africa
South Africa outscores Germany, the US and the UK in a new electrification index. But the country is doing poorly in EV adoption.
Unbundling Eskom’s transmission assets into an independent operator is the durable fix. It must happen fast.
The unbundling now has advisers, a timetable and, at last, agreement between Eskom and business.
Eskom’s profit more than doubled to R30.3-billion, but electricity sales fell 6.2% and municipal arrears passed R111-billion.
Eskom and BLSA now say they agree on the independent transmission operator, two months after a public falling-out.
There is a difference between acknowledging complexity and weaponising it to resist change, writes Busi Mavuso.
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.