Energy expert Ted Blom says Eskom’s debt is holding South Africa to ransom.
Just how is beleagured Eskom going to dig itself out of its black hole?
Energy experts have been citing some frightening figures – Mining and Energy Advisory partner Ted Blom says government will need R1.7-trillion to fix the problems at the power utility.
Blom notes that while Eskom has acknowledged it owes at least R450-billion in long-term debt, this figure does not take into account a number of costs.
The power utility announced on Wednesday it will be implementing Stage 2 load shedding due to capacity shortage.