Our debt-to-GDP ratio is growing, we're running a problematic current account deficit, state-owned companies are a drag on the economy and our bloated public service wage bill needs to be trimmed. We're running out of money, and fast.
Jabu Mabuza is officially the 10th CEO to walk the corridors of the power utility's head offices in 10 years. On the back of Phakamani Hadebe's exit this week, Fin24 takes a look at Eskom's revolving door of CEOs and acting CEOs and where they are now.
Wednesday is Phakamani Hadebe's last day in office as Eskom's Chief Executive Officer. Here is a roundup of key quotes from his last presentation on the job.
Finance Minister Tito Mboweni has warned that additional funding of R59bn allocated to debt-ridden power utility Eskom will come at a 'significant' cost to the fiscus.
The risk of South Africa’s struggling state power utility going bust doesn’t appear to faze one of its biggest creditors: the World Bank.
Is Public Enterprises minister Pravin Gordhan creating a Gordian knot at Eskom? asks Ferial Haffajee.
Trade unions have said that there have been no formal meetings with Eskom to discuss what the unbundling of the power utility will mean for workers - four months since it was first announced.
The DA has slammed Eskom as an unviable "black hole", while other reports claim the entity has an ambitious rescue plan.
Unbundling of Eskom has welcomed by some, but perhaps it should be approached with caution, says Sifiso Skenjana.
The Independent Communications Authority of South Africa has expressed its "concern" that the MultiChoice group proceeded with its listing on the Johannesburg Stock Exchange despite facing a complaint before ICASA's Complaints and Compliance Committee.
The unions says the unbundling of Eskom as announced by the president would be an expensive exercise that pushes the struggling power utility further into debt.
If this is the best plan Pravin Gordhan and Cyril Ramaphosa can come up with after so many months, we should be very worried, says Ferial Haffajee.
Among the first items on the new Eskom Chief Restructuring Officer's to do list will be tackling the power utility's debt burden and engaging investors - and accounting body SAICA says it is standing by to assist.
Eskom is due to pay over R900m in interest to Nedbank Corporate and Investment Banking before the end of the month, it said in a notice on Wednesday evening.
There is no more time for ideological debates when it comes to reforms for the power utility, those close to the process say.
Public Enterprises Minister Pravin Gordhan announced on Tuesday that Eskom's unbundling will go ahead and that there was no deviation from that plan.
President Cyril Ramaphosa has said the government won’t cut jobs at state power utility, Eskom, as it divides the company into three separate businesses.
Naspers on Monday announced that it is creating a new company that will hold all its overseas internet companies.
The complaint against MultiChoice with the Independent Communications Authority of South Africa is crucial as the country emerges from a period of "ubiquitous corruption", Khulisa Social Solutions has said.
Economist Dr Iraj Abedian says he hasn’t met a single investor who would buy the power utility’s assets – even if they were sold "for a rand".
Unbundling will have far-reaching consequences for the energy sector, and SA can learn from similar processes in Kenya and Uganda, say Lauren Hermanus & Catrina Godinho.
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