Ramaphosa: Government intends to reduce political interference at SOEs

Ramaphosa: Government intends to reduce political interference at SOEs

- President Cyril Ramaphosa wants the government and corporate entities to collaborate in order to turn the poor economic tide

- Speaking during the Business Economic Indaba in Sandton, Ramaphosa also touched on the restructuring of Eskom

- Ramaphosa announced that the state aims to reduce political interference at state-owned entities

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President Cyril Ramaphosa says one of the ANC's latest resolutions is to limit political interference at state-owned entities.

Briefly.co.za reported that Public Enterprises Minister Pravin Gordhan had been accused of meddling at Eskom by a board member.

But now the president says the government wants to work with the corporate world in order to improve the ailing economy.

Speaking to attendants at the Business Economic Indaba, Ramaphosa revealed that the restructuring process at Eskom will help along the proposed decentralisation of the power utility, reports SABC.

READ ALSO: Pravin Gordhan: "We are in control, it will become apparent"

Ramaphosa admitted that more technical support is vital to repairing the damage done at Eskom and, in turn, the challenges faced by businesses exposed to load-shedding.

Exxaro CEO Mxolisi Mgojo claims that Eskom will be the death of South Africa's mining industry:

“Without fixing Eskom, we don’t have a mining industry, so it is as dire as that… we cannot operate or invest in an environment like that.”

Business Unity SA head Sipho Pityana claims business would approve of leadership certainty at the power utility:

“There has always been issues about the capacity of the board from a point of view of size but there are very good skills on that board, but we think that it can be enhanced. There must be leadership certainty on that board."

The groups present called for the urgent implementation of the current proposed plans for Eskom as well as the development of a comprehensive long-term plan from within the presidency itself.

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Source: Briefly.co.za

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