Finance minister Enoch Godongwana has ruled out additional state funding for debt-laden Eskom.
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South Africa must forge its own path towards becoming a low carbon emissions economy, public enterprises minister Pravin Gordhan said.
Bheki Nxumalo has been appointed to one of the toughest jobs in South Africa: group executive for generation at Eskom.
The largest trade union at Eskom wants a 15% wage increase even as the utility fails to generate adequate electricity.
Private investments in energy generation will take two to three years before they solve the load shedding problem, Nedbank CEO Mike Brown said.
Eskom will reduce supply by 6GW until further notice after a unit at Medupi failed.
Plant breakdowns have plunged South Africa back into stage-6 load shedding.
It could take as long as five days to repair and install new power pylons that supply parts of South Africa’s capital.
South Africa should not shy away from spending to fix the country’s power crisis, electricity minister Kgosientsho Ramokgopa said.
Government has withdrawn an exemption granted to Eskom from reporting irregular spending in its annual financial statements.