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There is still no clarity about the nature, location, cost and management of these funds. One thing is for sure: No one really knows where they are exactly, what they can be used for, and when substantive negotiations will commence.
While Eskom continues to make major positive strides and delivering key milestones in its plan to operational recovery, the road to sustainability will still be long and hard. Major projects and outages undertaken this year will continue to exert pressure on the supply side, raising the risk of loadshedding in the short term. These outages, however, are necessary interventions that will deliver long term benefits and the security of energy supply. “Despite our good performance in recent weeks, particularly over the festive season, surpassing that of the previous quarter as well as the sa...
Power utility Eskom has warned that the road to operational recovery and sustainability will be long and hard.
Electricity is the biggest single constraint on the South African economy. It also demoralises citizens and saps the energy of individuals and corporates, big and small alike. Load-shedding, fights about coal, the odours hanging over Karpowership, the bickering among some ministers and with Eskom management are all destabilising, leaving South Africans perplexed and frustrated. All this noise obscures a different trend line that has been taking shape over the past few years.
The noise over load shedding and energy constraints has been obscuring a different - and important - trend line that has been taking shape over the past few years, explains JP Landman.