LEADERSHIP

Ramaphosa must fix Eskom as miners stare into the abyss

It's crunch time for Eskom. The heavily indebted state-owned power monopoly is haemorrhaging cash at a time when South Africa's economy is in the doldrums and the fiscal metrics are deteriorating at a much faster pace than anticipated.

Richard Wachman in London
Ramaphosa must fix Eskom as miners stare into the abyss

It is widely feared president Cyril Ramaphosa and his government will be unable to support Eskom for much longer. "The elastic band is about to snap", was the view of one London banker who banged on about...

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