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There’s light at the end of the tunnel for Eskom, says David ...


There’s light at the end of the tunnel for Eskom, says David Mabuza

Government will fund the power utility for another year and thereafter it will have to ‘find a way to stabilise itself’

Bekezela Phakathi

Although the risk of load-shedding is still looming large, deputy president David Mabuza says there are positive signs that Eskom is turning the corner.

He told MPs on Thursday that this was partly due to decisive interventions by the government, including putting pressure on national departments and municipalities to settle outstanding debts to the electricity utility.

Eskom, which supplies almost all of SA’s power, is hamstrung by staggering debt of nearly R400bn, with maintenance issues at its ageing power plants leading to bouts of load-shedding, which threaten economic recovery...

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