While South Africa has suffered electricity shortages for more than a decade, the utility is at a crisis point and is seen as the biggest threat to the economy.
Eskom Mining News
Eskom's troubles are a big headache for heavy energy users in South Africa, particularly gold mining companies.
Splitting Eskom in three doesn't fix the issue that it is in a very dire financial situation.
"We need Eskom to be made into a much more efficient, cost-effective organisation"
The fiscus doesn’t have space for endless bailouts.
The World Bank sees South Africa's gross domestic product growing by 1.3 percent this year, an improvement from a forecast of 0.9 percent for 2018.
Eskom, which has implemented power cuts due to coal shortages and poor plant performance, said it wants the government to take on $7 billion of its debts.
Eskom, which supplies more than 90 percent of the nation's power, has warned of potential power outages amid low coal inventories after a major supplier cut supplies and sought insolvency protection.
Namibia's long-delayed Kudu gas-to-power project, seen as key to boosting electricity security in the southwest African country, might not be viable.
The state-owned utility is seeking coal for seven of its plants that are facing shortages after supply disruptions from Gupta family-controlled mines.