1. It was all subsidized, i.e. Eskom pre 1994 was running at a loss year on year since it was founded. By design. They were increasing their overdraft every year borrowing money from the SA government and foreign investors.I wouldn't have invested in solar if Eskom was properly managed.
They used to be one of the cheapest in the world, had lots of excess capacity, and were reliable.
And then came the anc........
Pick an annual report at random and look at the annual financial statement and cash flow: https://www.eskom.co.za/heritage/annual-and-statistical-reports/
2. Lots of excess capacity for the white population. Don’t forget that nobody else had luxuries like electricity.
3. I guess you’re right. The ANC is to blame because they chose to provide South Africans with a non-white skin color with electricity. At least they thought it was unjust and did something about it.
You make it out like the pre 1994 government was a perfect government and practically a savior to every South African. Yes if you were white. If not tough luck.