ENERGY EXPERT TED BLOM: TIME RUNNING OUT FOR ESKOM

Energy expert Ted Blom says that no bailouts will assist Eskom if the operational structure of the company doesn’t change.

JOHANNESBURG – Energy expert Ted Blom says that no bailouts will assist Eskom if the operational structure of the company doesn’t change.

Blom said that Eskom’s current board has failed at coming up with a viable turnaround strategy.

The utility recently had to approach the National Treasury to secure a R17.6 billion bailout in order to keep operations going.

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