An international aid package worth $8.5 billion is being put together by the U.S. and Europe to help fund South Africa's green energy transition.
In the last 12 months, however, these blackouts have gone into overdrive, with the power going out several times a day and up to. Adding insult to injury, Eksom has added a steep energy tariff to help bolster their own failing finances. The issue has transformed to a semi-accepted nuisance to a barrier to local livelihoods and the functioning of the national economy.
Challenging Eksom won’t be easy, however. The utility has shown that it isn’t afraid to fight dirty. Former CEO André de Ruyter tried looking into the company’s systematic corruption, and wasin his office in what is now being looked into as an assassination attempt. The ANC, too, is protective of the current way of running things and starkly opposes taking away Eksom’s monopoly by privatizing South African power plants.
If South Africa can’t wrangle Eksom, however, there is likely no end in sight for the nation’s economic woes.
Phasing out coal and building up green energy infrastructure is a huge challenge for any country, but especially so for a nation that’s already cash-strapped and lacking energy security even with plenty of fossil fuels. To help make such a lofty goal possible, the United States and Europe are currently working on putting together a
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