High electricity prices will push consumers to renewable energy - Jeff Radebe

Finance minister Tito Mboweni is expected to announce a bailout for the utility in his budget speech on Wednesday.

Earlier this month, President Cyril Ramaphosa announced the entity would be unbundled into three business units in a bid to secure its future sustainability. But Eskom is also suffering the effects of its death spiral — where increasingly affordable alternative power technologies are encouraging consumers to defect from the national power grid.

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