South Africa sticks to Eskom plan.

Author:Dalby, Alexa
Position:Brief article

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...

To continue reading