The cautiously optimistic prognosis provided by Eskom on the outlook for electricity supply for the coming nine months has been more than offset by the State-owned utility’s disturbing assessment of its financial predicament. The group, which implemented ten days of confidence-sapping power cuts from March 14 to 23, is forecasting that it will be able to avoid load-shedding during the high-demand winter months, notwithstanding a plan to continue with relatively high levels of maintenance during the period.
