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From that article (which is astonishing):

> Between 2007 and 2021, Eskom invested R680 billion to increase its generation capacity. However, after this huge investment, Eskom produced less power than when it started.

The power plants started in 2007 with initial budgets of R79 billion and R81 billion and were due to be completed in 2012 and 2014. Neither are fully operational, produce far less than the design capacity of 4800MW, have significantly overrun their budgets (R145 B and R161 B respectively), and require another R33 B to finish! Is this all corruption or ???

edit: Here's another article: https://archive.ph/LctJi . tl;dr: mismanagement, corruption, and a very long history of pricing power below cost and borrowing to cover. Plus handouts to inefficient coal suppliers creating that bad cost structure that wasn't passed on to buyers.