Democratic Alliance reveals plans to fast-track privatisation at Eskom

Democratic Alliance reveals plans to fast-track privatisation at Eskom

- With Eskom seemingly permanently perched on the brink of some imminent disaster, the Democratic Alliance has laid out the details of their plan for the entity

- With debts surpassing the R400 billion mark and another bill to the tune of R36 billion for maintenance work at the Kusile Power Plant, the power behemoth could do with a sense of direction

- Briefly.co.za takes a look at what the leading opposition party feels should be done with one of the more troublesome entities in the state's possession

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Eskom has become synonymous with catastrophe, with their financial woes intensifying as 2019 nears the halfway mark.

With the entity's CEO, Phakamani Habebe, resigning over the course of the weekend, it seems as if there is no end in sight.

Natasha Mazzone, the Democratic Alliance's shadow for the Minister of Public Enterprises, has laid out what the opposition party thinks should be done.

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Mazzone revealed that the party intends to re-table the Cheaper Energy Bill, hoping to gain National Assembly's approval in the first step towards privatising the entity:

“Eskom’s monopolistic stranglehold on electricity production and distribution must be broken. The DA has a plan to stabilise and secure South Africa’s power supply and that is contained in our Cheaper Energy Bill, which will be re-tabled in Parliament.”

The bill aims to break Eskom into two different entities, namely generation and distribution. This, according to Mazzone, would reduce the cost of electricity, bring in competition and ensure that South Africa is no longer forced to foot the bill for 'the corruption which has taken place at Eskom'.

Mazzone further explained that privatisation can take place after the proposed split. The bill aims to pit Eskom's generation side against independent power producers in the hope of creating competition and, as a result, affordable electricity for SA, reports The South African.

The party has called on Parliament speaker Thandi Modise, asking for an urgent debate over the crisis. The DA will now re-submit their bill and garner support from other political parties. However, with the ANC and EFF against privatisation, Mazzone has her work cut out for her.

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Source: Briefly.co.za

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