Eskom blackouts cause doubt regarding rescue plan

Bradley Prior

MyBroadband Journalist
Staff member
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Oct 16, 2018
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3,552
Eskom blackouts cause doubt regarding rescue plan

South Africa’s cash-strapped state power company began a second day of controlled blackouts, jeopardizing a recovery in the continent’s most-industrialized economy as investors await a government plan to restructure the utility.

The nation is still struggling from outages in the first quarter that contributed to the biggest economic contraction in a decade. [Bloomberg]
 

MidnightWizard

Executive Member
Joined
Nov 14, 2007
Messages
5,722
Sack them all and privatise
Have you bunch ever stopped to consider WHO would want to buy this crock of **** ?
What sensible headed businessman is going to put down good money on a DEAD asset ?
Eskom is like SAA / SABC and every municipality in SA -- PAST THE POINT OF NO RETURN !
 

grok

Honorary Master
Joined
Dec 20, 2007
Messages
21,672
Have you bunch ever stopped to consider WHO would want to buy this crock of **** ?
What sensible headed businessman is going to put down good money on a DEAD asset ?
Eskom is like SAA / SABC and every municipality in SA -- PAST THE POINT OF NO RETURN !
Funny how it wasn't like that under previous regime management..
 
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