South Africa was producing more electricity than it needed when White-minority rule ended in 1994, but the government didn’t foresee how sharply demand would surge as the economy expanded and previously neglected areas were connected to the grid. Outages have hit record levels in 2022, and the government is turning to private power producers to help resolve the crisis.
Eskom Holdings SOC Ltd., the country’s near-monopoly electricity supplier, has been central to the meltdown, with a legacy of poor management and financial losses leading to a series of bailouts. South Africa has been crippled by rolling blackouts since 2008 because its state-run, dilapidated power plants couldn’t keep pace with demand.
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