The battle for Eskom is the battle for South Africa.
Better put, Eskom
is a metaphor for South Africa. It's a vast, unwieldy megalith entirely
bankrupted by people who have treated it as a personal ATM and a
political soccer field.
Stage four load
shedding hit us on Monday like a wet cement towel that just managed to
dry. Eskom is running on a prayer, and not one addressed to a deity
familiar to this publication.
The world's largest power utility should
serve as a point of pride, especially in a country that has more than
enough human capital to run its various operations exactly as
advertised.
Instead, Eskom is a state-owned zombie apocalypse:
R440-billion in debt, money that is guaranteed by the sovereign, and
unable to meet its rather simple mandate: keep the lights on, and the
wheels of industry turning.
This is a disaster
that threatens to blow out the entire economy, a terrorist attack on the
fabric of this county perpetrated by the very people who have sworn to
govern it responsibly, and (laugh no more) competently. Former president Jacob Zuma has been busy in retirement -- busier than he was during his two terms at the.
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