South Africa: Eskom Is in a Death Spiral, So It's Time to Change the Energy Ballgame

opinion

The time has come to speak truth to power - power generated by renewables. Coal is dead, the nuclear lobby is trolling for all it's worth and State Capture has gutted Eskom.

The Eskom ballgame has changed. The new CEO, André de Ruyter, is unafraid to tell the truth about the real state of our dilapidated fleet of power stations and the failures of our new ones. Cosatu is stepping up to the plate with some very interesting proposals, which the president and Minister Pravin Gordhan have broadly supported.

As he set out to do, Gordhan is giving De Ruyter the space to fix the country's power utility. And true to form, Minister Gwede Mantashe did a "Mantashe" by throwing the cat in among the pigeons at the start of the Mining Indaba by coming out in support of self-generation and the idea of an "Eskom 2.0".

Everyone seems to agree that if Eskom goes down, the South African economy goes down. What most do not seem to realise is that it is no longer a matter of "if" - it is already happening. Just look at our poor economic performance and then connect the dots back to Eskom. The...

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