Pity the poor wretch who must get Eskom from death’s door to rehab
Whatever the confusing details of the grand rescue plan are, the new CEO is in for a nightmare ride
The news that SA’s unemployment crisis was its worst in 11 years probably wasn’t the curtain raiser Pravin Gordhan had hoped for, but it was fitting. The economy is bleeding out and Gordhan’s plan for Eskom seems to be more about stabilising a dying patient than laying out options for rehabilitation.
Indeed, there was almost nothing in Tuesday’s briefing that hasn’t already been said: it is news to nobody that Eskom needs to be run differently and that transmission will become a standalone entity.
All the same, it was a mild relief for those of us who remember the previous administration to see a turnaround plan that didn’t involve spending R1-trillion illegally on a power policy devised by the professional shopper of the au pair of the Dubai-based son of the Moscow-based ex-mistress of the sugar-daddy of the daughter of a current Big Man. ..