Eskom’s stand threatens the viability of the entire renewable energy sector in South Africa, something which plays into the hands of those pro coal and nuclear.
Reforming South Africa’s state owned enterprises should start with greater accountability and financial responsibility.
The scandals surrounding South Africa’s power utility, Eskom, were caused by the neglect of corporate governance rules by the board, the executive authority, and the public enterprises minister.
The misfortunes experienced by Brian Molefe, the CEO of South Africa’s power utility Eskom, shows that the battle for the country’s public purse is not a one way bet.
The drama caused by the return of Brain Molefe into South Africa’s power utility, Eskom, signals a failure of accountability and corporate governance within the public sector.
A closer look at the supposed successes of Brian Molefe at South Africa’s power utility, Eskom, shows that they are not what they have been made out to be. They are paper thin.
The South African government is not giving up on its push for a controversial nuclear power plan. But it’s chances of succeeding have been greatly reduced.
South Africa’s Minister of Finance, Pravin Gordhan, downplayed the topic of energy in his budget speech. There is good that can be taken from this.
The decision to give former Eskom CEO, Brian Molefe, a seat in the country’s parliament comes with the potential to cause great economic pain for South Africa.