How world sees SA: Fix Eskom or the economy sinks

EDINBURGH — South Africans have come to expect to live for prolonged periods by candlelight and fire up private generators to cope with lengthy electricity blackouts. But, for the international investors that President Cyril Ramaphosa is trying to attract to the country, euphemistically labelled loadshedding is a sign that the economy is very sick. That is the message in the Financial Times, a newspaper with global reach into the asset management houses in the world's financial centres. Ramaphosa must fix up Eskom, which has been the focus of corruption scandals under former president Jacob Zuma. If he doesn't clean up the state-owned utility soon, and facilitate plans to rapidly improve power generation across the country, South Africa can be expected to slide back into recession. – Jackie Cameron

By Thulasizwe Sithole

Recovery may be shortlived as Eskom prepares for spate of power blackouts, the London-headquartered Financial Times tells its readers.

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