Shedding light on Eskom

The issues at Eskom are of critical concern to investors, businesses and households in South Africa. In this report, we provide a comprehensive analysis to determine the underlying causes of the utility’s precarious position. We review the performance of Eskom over an extended period, which includes the prosperous era before the crippling 2008 load shedding, and benchmark the current state of the utility to its “golden age” in the 1990s when Eskom was considered a world-class electricity provider. This analysis dispels some popular views on the causes of Eskom’s malaise and sheds light on areas of critical impact, which should form part of the discourse going forward.