Economics
South Africa Envisions New Entity to Generate Electricity and Rival Eskom
- Government wants to reduce nation’s reliance on Eskom
- New venture could push down power prices, Mantashe says
Electrical power lines hang from transmission pylons, in Mpumalanga, South Africa.
Photographer: Waldo Swiegers/BloombergThis article is for subscribers only.
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South Africa should establish a new entity that would generate electricity and reduce the nation’s reliance on state utility Eskom Holdings SOC Ltd., Mineral Resources and Energy Minister Gwede Mantashe said.