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“The problem of electricity capacity in South Africa won’t be solved for at least five to eight years” Roelof Horne, Investec |
A leadership clash could hardly come at a worse time for Eskom, South Africa’s state-owned electricity generator. The prospects for the country’s recovery hinge to a large extent on Eskom’s ability to implement a R385 billion ($52 billion) investment programme and prevent blackouts of the kind the country experienced in 2008. Nationwide power shortages have only been alleviated in 2009 by the impact the recession has had on demand.
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