'Even a well-run, corruption-free Eskom cannot succeed'

pixabay.com, 2019

Eskom was once the envy of the world.

In 2001, it was crowned “Power Company of the Year”.

In 2004, it was South Africa’s “most admired brand” – not kidding!

Corruption and mismanagement put an end to all that.

However, even if nothing was stolen and every cent was spent wisely, Eskom would still be toast, wrote JP Landman (Political and Trend Analyst at the University of Free State) in an article on Wednesday.

Why?

Because the world of electricity provision has changed forever.

The Money Show’s Bruce Whitfield interviewed Landman.

Listen to the interview in the audio below (and scroll down for quotes from it).

The Eskom model is more than 100 years old. It comes from 1906…

JP Landman, Political and Trend Analyst - UFS

There is some political will. Granted, it comes from a crisis…

JP Landman, Political and Trend Analyst - UFS

The Zuma faction is mobilising around this issue. They’re against independent producers. They’re against renewable energy. They want to have a national monopoly…

JP Landman, Political and Trend Analyst - UFS

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This article first appeared on 702 : 'Even a well-run, corruption-free Eskom cannot succeed'


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