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Early stages of university bridging programme set for 2024

Kenya’s government will announce within a month how it plans to fix Eskom Holdings SOC Ltd., the embattled state utility that supplies more than 90 percent of the nation’s power. There are no easy remedies. The company is 419 billion rand ($30.9 billion) rand in debt, is losing money hand over fist, has way more staff than it needs and its aging and poorly maintained plants can’t always produce enough power to meet declining demand — a predicament that’s known in the industry as a death spiral…

While a cash injection would help, relief would likely only be temporary and more deep-seated structural reforms are needed to turn it into a sustainable business. Eskom has installed generating capacity of about 47,000 megawatts, but less than three quarters of that is available.

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South Africa’s government will announce within a month how it plans to fix Eskom Holdings SOC Ltd., the embattled state utility that supplies more than 90 percent of the nation’s power. There are no easy remedies.

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