Why restructuring Eskom won’t end the blackouts

Recent power cuts and the announcement that South Africa’s power utility Eskom will be receiving R23-billion (about US$1.5-billion) a year in government support for the foreseeable future are symptomatic of operational and financial crises at the utility.  The conventional wisdom is that a major restructuring will address the crisis. But this is misleading. Defensible justifications for the restructuring are mostly about Eskom’s future problems, not its current ones. And there’s a risk that restructuring could exacerbate some of the underlying causes of the crisis.

Read the article over at TechCentral here.