World Bank says Eskom simply too big to fail

The World Bank has argued that Eskom is too big to fail, and the South African economy would not withstand a financial meltdown of the cash-strapped power utility. "It is just too big to allow it to disintegrate, and fixing all these pieces will be costlier than trying to reform it," the bank’s country director for SA, Paul Noumba Um, said at the launch of the bank's 12th SA economic update on Tuesday in Johannesburg.