Rand guzzlers: The Medupi coal power plant and Kusile could cost the taxpayers R450-billion. Although Eskom placed all its bets on them, they are still incomplete. Photo: Per-Anders PetterssonAbout a blink of an eye ago, it seemed that Eskom might be able to see its way out of the financial woods. The government, in the person of Finance Minister Tito Mboweni, agreed in the February budget to a R23-billion a year lifeline, which could last for at least 10 years.
The pundits estimate this means a R100-billion or so shortfall over and above what Mboweni has already stumped up on our behalf.But, its parlous finances aside and as we have seen this week, it is operationally a disaster.
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