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The Economics of South Africa Since Apartheid

Ones and Tooze

CHAPTER

The Fear of a Power Outage

S-com itself has been an absolute crisis of corporate governance with the CEO Andre DeRita essentially resigning from his position under threats. There were powerful organised crimes syndicates connected to the trade union and the ANC operating in the major coal regions of South Africa who see themselves as having a vested interest in this malfunctioning giant. The fear here and it's a very real terror is of what would happen in a society as unequal and as violent a society if there were to be a prolonged and serious power shortage. We have seen rioting in recent years which has taken on the scale of civil war conditions. Insurance companies in South Africa actually publicly declared that were there to be a power outage they

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