South Africa sticks to Eskom plan.

Author:Dalby, Alexa
Position::Brief article
 
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The South African government intends to continue with its recapitalisation of the struggling power utility Eskom, after the company's board suspended CEO Tshediso Matona in March. The government will inject a total of R23bn ($1.9bn), with the first R10bn due in June.

A further R10bn tranche is due in December, with the remainder to be paid in 2016.

Eskom, which supplies 95% of South Africa's electricity, has struggled to keep up with demand, and the country has experienced rolling blackouts since February, which are likely...

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