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Eskom chaos is at the heart of the growth crisis | Article Preview

Unless the power utility gets credible leadership and more investment to boost generation and transmission it will continue to hold the economy down, The IMF s latest data forecasts South Africa s economy will grow by 0.9% this year, up from projections in July of 0.6%. The marginal improvement is based on fewer power cuts than expected in the second quarter this year. It is estimated to grow by 1.8% next year, a critical election time for the ruling African National Congress. But growth in South Africa, the continent s most industrialised economy, is still lagging far behind its peers in Africa and Asia.
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Vote-getters and loyalists predominate | Article Preview

The President s reshuffle prioritises next year s elections instead of addressing the economy, infrastructure and electricity emergency, After serial delays and great expectations, President Cyril Ramaphosa brought in 10 new ministers for his reshuffle on 6 March with a wary eye on next year s general elections. It is a heavily political cabinet as he has tried to balance rival factions and regions in the ruling African National Congress (ANC) rather than prioritise technical capacity and competence at a time when the country s economy is shrinking dangerously.
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Energy plan riles ANC factions and vested interests | Article Preview

The budget s debt relief for Eskom will impose targets and hasten privatisation but offers no short-term relief from power cuts, The explosive television interview by André de Ruyter, outgoing chief executive of ailing electricity utility Eskom on 21 February, which upstaged Finance Minister Enoch Godongwana s budget on the following day, has triggered a sharper focus on the four criminal cartels he accused of wrecking the power company and their links to senior figures in the ruling African National Congress.
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