DARK BUT INTERESTING: The spectre of ongoing loadshedding hung over Finance Minister Enoch Godongwana when he delivered his 2023 Budget speech in the Cape Town City Hall earlier this month. Indeed he described the lack of reliable electricity supply as the biggest economic constraint. He also used the speech to announce a massive debt-relief package for Eskom, with terms and conditions that could fundamentally alter the future of the electricity supply industry. Eskom has not only been disallowed from investing in new generation capacity, but it is likely that some of its coal plants could also be concessioned off.
Photo by: Bloomberg
The spectre of ongoing loadshedding hung over Finance Minister Enoch Godongwana when he delivered his 2023 Budget speech in the Cape Town City Hall earlier this month. Indeed he described the lack of reliable electricity supply as the biggest economic constraint. He also used the speech to announce a massive debt-relief package for Eskom, with terms and conditions that could fundamentally alter the future of the electricity supply industry. Eskom has not only been disallowed from investing in new generation capacity, but it is likely that some of its coal plants could also be concessioned off.