Ramaphosa’s Energy Plan No Quick Fix For South Africa Power Woes
JOHANNESBURG (Capital Markets in Africa) – South African President Cyril Ramaphosa’s plans to overhaul the energy industry have some way to go before they provide answers to the nation’s crippling power shortages. Africa’s most industrialized nation has been roiled by rolling blackouts since late 2005, a legacy of state power company Eskom Holdings SOC Ltd.’s failure to adequately maintain its plants and invest insufficient new ones. In his state-of-the-nation address on Thursday, Ramaphosa announced a raft…
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