‘Eskom, despite all of the massive tariff increases that we've all been subjected to, still isn't making enough money to cover its costs.
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It was almost inevitable that these very old coal plants would start deteriorating and breaking down more often, and more load shedding means less sales for Eskom, so less revenue. NICK HEDLEY: Very, very far behind the curve. Since 2015, we haven’t really added much new clean energy capacity. Unfortunately, our new build programme was halted in 2015 and we haven’t really caught up since.
NICK HEDLEY: It’s a very, very complicated one. Municipalities are deeply indebted themselves, a lot of them aren’t actually even in a position to pay Eskom back its debt. Then the government has obviously come to the party with a debt relief package for Eskom, but it’s also very limited in what it can do because South Africa itself is on a very unsustainable fiscal trajectory.So there’s not a hell of a lot more that government can do. It could arguably offer a bit more debt relief.
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