South Africa’s ruling party recently proposed establishing a second state-owned power company. The purpose is to offset the “grave strategic risk” of relying on Eskom, the country’s monolithic state-owned utility.
Some 15 years of poor operational and financial performance, and disruptions to the nation’s electricity supply, led President Cyril Ramaphosa to speak of a “spectacular calamity” facing the nation should Eskom fail as a corporate entity. In his July address to the 15th National Congress of the South African Communist Party he said Eskom had been
.jpg?w=600)
