Is Eskom locked in a death spiral?

Today is Phakamani Hadebe's last day in office as Eskom CEO. The ailing power utility reported the biggest loss in the country's corporate history yesterday with Hadebe adding that the company is essentially on a death spiral.

Ferial Haffajee, Associate Editor at Fin24 is of the view that the death spiral is about to speed up. She joined Business Day TV on the line with more perspective on her views.
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