South Africans looking for signs of an end to the latest round of power cuts were left disappointed after the minister responsible for power utility Eskom said he doesn’t have answers yet.
Browsing: Jabu Mabuza
Long-serving Telkom chairman Jabu Mabuza is stepping down from the JSE-listed telecommunications board at the end of May, more than seven years after he assumed the role.
The sorry state of South Africa’s state power utility starkly illustrates just how far the country slipped during former President Jacob Zuma’s scandal-marred rule and the enormity of the task of rebuilding the nation’s stricken finances.
Eskom wants government to absorb about R100-billion of debt as part of a rescue plan for the state-owned utility, according to a report, a move that will put further strain on already stretched state finances.
Eskom’s warning that the country was threatened by months of rotating blackouts became a reality in less than 24 hours.