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Deputy Pres. Mabuza Denies Plans to Privatise Eskom

SOUTH AFRICA
  • Deputy President Mabuza denies government wants to sell Eskom to private entities.
  • Adds that plans were afoot to restructure SOEs and shut down those that were not needed. Some of the SOEs will be merged with others.
  • Mabuza also revealed that Ramaphosa had tasked the SOE Council to look at the restructuring of the SOEs as some of the entities were not financially viable.
  • Mabuza told Parliament that he supported Finance Minister Enoch Godongwana’s stance that the National Treasury would no longer give bailouts to SOEs.
  • “There is no intention of government to sell Eskom. Eskom must be supported, it is important in the life of our economy.
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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