Ramaphosa plans to save Eskom: "It will 100% not be privatised"

Ramaphosa plans to save Eskom: "It will 100% not be privatised"

- The president outlined his proposal to turn the power utility around

- He presented his plan to Parliament

- It involves improving energy facilities and cutting costs, and will see Mabuza and Gordhan overseeing energy security

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Speaking in Parliament, Cyril Ramaphosa presented his plans to rescue the failing power utility.

The president said that he would more closely with stakeholders, as well as fix systemic flaws in the energy-provision system. 

This comes on the heels of a similar plan outlined by Public Enterprises Minister Pravin Godhan.

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First and foremost. Ramaphosa reiterated his plan to divide Eskom into three separate entities, each focused on a different aspect of energy generation and provision.

However, he said this was not a first step toward privatisation, as NUM and EFF have suggested. Ramaphosa was firm that privatisation was not on the cards for Eskom.

Additionally, the president said he was working to avoid staff retrenchments at Eskom, and was instead focusing on overhauling the benefits structure. 

He also said that government would communicate more closely with stakeholders like labour and investors to ensure that Eskom was run more efficiently, according to The South African.

In response to the recent wave of load shedding, Ramaphosa said he has made securing the grid a priority.

To this end, he has appointed Gordhan and deputy president David Mabuza to be in charge of ensuring energy security.

READ ALSO: Social media calls for Soweto power to be cut until bill paid

Lastly, and perhaps most importantly, Ramaphosa asserted that more would be done to maintain Eskom's infrastructure.

Key to achieving this, according to the president, would be getting rid of corrupt and incompetent leaders.

 He says one of the reasons for the failing infrastructure has been the fact that many of Eskom's top engineers have left the company. Ramaphosa blamed their leaving on poor leadership.

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Source: Briefly.co.za

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