Ted Blom, an energy expert, said in an interview that Eskom is on the verge of financial ruin.
The remark from Blom follows after the promised loan from China to Eskom did not materialize. Currently, Eskom is selling too little electricity to cover its operational costs and interest payments.
Pravin Gordhan believes Eskom will take 18 months to overcome the power outage crisis.
However, experts are of the opinion that Minister Gordhan is extremely optimistic if he thinks Eskom can come out of bankruptcy as soon as possible to provide proper service.
Read the original article in Afrikaans on Die Vryburger
This report does not necessarily reflects the opinion of SA-news