Free Republic

Renowned economist Dawie Roodt said Eskom’s generation and distribution divisions are slowly dying, similar to South African Airways (SAA) and the South African Post Office (SAPO). Roodt made these comments during a Firstpathway Partners webinar on how the United States has emerged as a secure sanctuary for many South Africans. “Only the transmission part will remain, and the rest of Eskom will just slowly die and come to an end,” he said. Roodt previously explained that Eskom is completely bankrupt. “It has been operationally and financially run into the ground. It does not work anymore,” he said. Eskom currently owes...

JOHANNESBURG, South Africa — As schools reopen here in the coming days after the Christmas break, South Africans are braced for a surge in the power cuts that have plagued the country since early December, and the rolling blackouts could spell trouble for the ruling African National Congress at the ballot box. During the week, schools, factories and offices will move to full capacity, drawing on an already-fragile national grid. And in the heat of the Southern Hemisphere summer, air conditioners will be turned on full blast. A state-owned company, ESKOM, has the monopoly to produce more than 95 percent...