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Eskom tries to keep its grip on power, but it’s slipping

Business News 9 months ago

The state’s iron grip on South African lives was clearly demonstrated this week when President Cyril Ramaphosa stated: ‘We are clear that the state will retain ownership of all those state-owned enterprises that are strategic’.


13 Dec 2019
PREMIUM!
Eskom tries to keep its grip on power, but it’s slipping

Image: Moneyweb

With rolling blackouts now in their second week, Ramaphosa, Eskom chief executive Jabu Mabuza, Public Enterprises Minister Pravin Gordhan and Energy and Mineral Resources Minister Gwede Mantashe are claiming, it’s “not my fault”. Mantashe’s plan for the current crisis appears to be to ride it out as repairs and maintenance are performed on the ailing power stations. Eskom board member Busisiwe Mavuso recently recommended to parliament: “If we were given the latitude to make decisions without political interference as this board, I will tell you what we would do. “We would actually go to South Africans and say, honestly, we...

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