Sandy McGuffog·Oct 3Eskom’s Crypto Discount InsanityEskom’s proposal to sell surplus off-peak electricity to cryptocurrency miners at a discounted benchmark rate of R1.20/kWh highlights a…
Sandy McGuffog·Sep 29Eskom and Tariffs: Why Ring-Fencing Municipal Electricity Grants Solves NothingElectricity and Energy Minister Kgosientsho Ramokgopa has finally admitted what municipal finance experts have known for years: billions of…
Sandy McGuffog·Sep 7Eskom Ups Its R110 Billion Illusion to R840 BillionI’ve previously written about Eskom’s “R110 billion” transmission asset narrative — a clever piece of balance-sheet framing designed to…
Sandy McGuffog·Sep 2Corporate Governance Isn’t a Boardroom Luxury — It Costs Real BillionsThe latest report from Business Day detailing Eskom’s environmental defaults at Medupi — and the resulting threat to its World Bank funding…
Sandy McGuffog·Aug 31Eskom doubled its profits in 2026. A peek under the hood shows it’s still in deep troubleEskom’s headline figure for its 2026 Annual Financial Statements is simple enough: it doubled its profit after a year of minimal load…
Sandy McGuffog·Aug 30The Rules Are Not the Problem: Why Eskom’s Diesel Accounting Proves the PointJust days after I wrote that Electricity & Energy Minister Kgosientosho Ramokgopa’s plans to ditch the Public Finance Management Act (PFMA)…
Sandy McGuffog·Aug 28Eskom’s Market Paradox: Rules for Thee, Freedom for MeElectricity & Energy Minister Kgosientsho Ramokgopa recently made new proposals to prepare Eskom for market competition. They reveal a…
Sandy McGuffog·Aug 19Ramokgopa’s New Eskom Doom LoopEskom already has a “primary doom loop” that is well known — corruption and inefficiency drives higher electricity tariffs, which drives…
Sandy McGuffog·Jul 28How load shedding affects Eskom’s financesEditor’s note: This essay was originally published on LinkedIn on August 19, 2024.
Sandy McGuffog·Jul 23Eskom: Roadmap to nowhereEditor’s note: This essay was originally published on LinkedIn on October 31, 2019. I’m republishing it here, because the Eskom…
