There is little doubt that the taxpayer will be left footing the bill for the problems experienced at power supplier Eskom, and probably so through higher electricity prices and increased taxes. Over the last decade-plus, Eskom has seen generation capacity increase only slightly, with the amount of electricity sold declining and the parastatal’s debt load going up by more than a factor of ten, said Absa research head and chief economist Jeff Gable at a Ford media breakfast in Pretoria on Wednesday.
