South Africans Wait on Govt Action Plan for Energy Giant Eskom

Eskom, South Africa's biggest power utility, has had crisis after crisis exposed over the years. They are R440 billion in debt (and counting) and are once again asking for government bailouts, which will ultimately fall on the shoulders of the South African taxpayer. It is currently implementing loadshedding, leaving the South African public and businesses, quite literally, in the dark. President Cyril Ramaphosa has announced an unbundling strategy for Eskom - this as Public Enterprises Minister Pravin Gordhan has instituted an investigation into the Medupi and Kusile power stations that were supposed to free the country from the loadshedding crisis but which now reportedly have design flaws.

Top: Eskom Megawatt Park. Bottom-left: Public Enterprises Minister Pravin Gordhan. Bottom-right: President Cyril Ramaphosa (file photo)

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