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South Africa’s economy was roaring along in 2007 on the back of the global commodities boom when power shortages struck, bringing mines and smelters to a halt. Then-President Thabo Mbeki publicly apologized for prevaricating about adding generation capacity despite repeated warnings that supply was constrained, and state power utility Eskom Holdings swiftly opened the spending taps. The botched implementation of the expansion plan has haunted the country ever since.