Eskom risks a crisis worse than load-shedding

Eskom is on the brink of a crisis that could be more severe than the current load-shedding crisis, as the transition to a competitive electricity market poses significant structural, financial, and policy risks that threaten the utility's sustainability. The government's policy on the matter is a major concern, as Eskom must implement it without jeopardizing its financial stability, which is further complicated by rising municipal debt that is largely outside its control. If not managed correctly, this crisis could undermine energy security and sovereignty, exacerbating the already dire situation of unaffordable electricity prices.