Power utility’s sales are likely to decline 2% a year, says Fitch
In normal circumstances, one might expect a state electricity producer to want to sell as much of its product as possible. But these are hardly normal times, as stage 6 load-shedding becomes a semi-permanent feature of our lives, another tangible symptom of the death spiral that SA’s state-owned companies find themselves in.
In the scramble for solutions, the private sector is set to take a more prominent role in electricity production and rail and water concessions. It is a belated admission that the state, beset by corruption and policy drift, cannot do it alone. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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