INSIDE THE ESKOM CRISIS
Thanks to the mismanagement of Eskom, South Africa faces its biggest post-apartheid crisis to date . In this lecture James-Brent Styan, author of Blackout: The Eskom Crisis, looks at three fundamental problems: the first is Eskom’s ability to keep the power on (stage 8 load shedding schedules, for up to twelve hours a day without power, already exist) . The second is its finances . Eskom is making record multi-billion rand losses and an unbearable debt load is contributing to the fact that it cannot guarantee that the power will remain on . This makes the country increasingly unable to attract the foreign investors needed to grow the economy . Finally, the outlook ahead . With old power stations closing and no new power stations being built there is no good news.
Styan, J.B. 2018. Steinhoff: Inside SA’s Biggest Corporate Crash. LAPA Publishers.
Styan, J.B. 2015. Blackout: The Eskom Crisis, 2015.