A crisis at South Africa’s main electricity supplier, Eskom Holdings SOC Ltd., threatens the entire country. The state-owned utility can’t manage both to cover its costs and make the huge interest payments on its mountain of debt. Its poorly maintained power plants are struggling to meet demand, and it’s about to lose its 10th chief executive officer in as many years. Goldman Sachs Group Inc. describes Eskom as the biggest risk to the country’s economy. The government plans to bail out the compa
Source link : https://www.washingtonpost.com/business/energy/why-eskoms-power-crisis-is-south-africas-top-risk/2019/05/29/70697bcc-81e4-11e9-b585-e36b16a531aa_story.html
Publish date : 2019-05-29 23:43:20
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