Eskom – the country’s state-owned electricity provider is currently in a dire situation. This is because of numerous factors, ranging from factors that are external to the country, to factors that are internal. Recently, it has been announced that Eskom has incresed its total diesel bill by over R4 Billion due to the coal supply crisis. So what’s next for Eskom? According to President Cyril Ramaphosa, during his recent State of the Nation Address, he noted
Gordhan’s Promising Words for Eskom
Eskom has been the focus of public outrage for many months now, and after many directors’ resignations, it is unclear what the future of Eskom holds. Many are hoping that there will be some good news on the horizon for this embattled company. Despite recent debt-restructuring plans, which saw bondholders take a hit, Eskom’s Minister of Public Enterprises, Lynne Brown stated that she was yet to see any detailed plans from Eskom’s board regarding its turnaround strategy.
What Does a Unified Plan Have in Store for South Africa?
It remains unclear what a unified plan will entail for South Africa, as Eskom has been pushing for new coal-fired projects of its own. A meeting between Eskom Head of Business Line Mahlobo and the Minister of Public Enterprises Pravin Gordhan took place on September 27th to discuss new plans for Eskom. During the meeting, Mahlobo said that a unified plan was coming soon.
Alternatives to the Eskom Crisis: An Overview
With a rolling blackout and a power crisis, Eskom is in the crosshairs of a public outcry – angering South Africans who feel that the plans that have been put into place to address the crisis are not working at all. President Cyril Ramaphosa is expected to give a final briefing on how he plans to make the change within the next few days, as politicians scramble for solutions.
“I am confident that we will be able to move forward as one team and the lessons learnt will grow our capacity as a country to make tough decisions more quickly and with greater impact.”