Gordhan: Eskom Not Being Privatised; SABC Appoints Business Managers

LOCAL NEWS

• Public Enterprises Min Gordhan says Eskom will never be privatized, despite Govt encouraging private sector participation in the energy sector, but said their energy production cannot dwarf Eskom's.
  • Notes recent load-shedding is unacceptable, but said steps were being taken through unbundling/restructuring to provide greater energy security.
  • Also cited progress on achieving cost-reflective tariffs under an 'active partnership model' between Eskom and four municipalities.
  • Opposition parties call for more private partnerships to boost Eskom's capital base and become more competitive/efficiently run
• State broadcaster SABC appoints 4 business managers for 7 radio stations, taking responsibility for boosting profitability and reduce its burden on the fiscus through continued need for bailouts.
  • Deputy Pres. Mabuza also said Govt could not justify overstaffed Eskom, employing 46k staff at a cost of R32bn/yr in salaries, bonuses & incentives - Fin24
• Treasury to offer R2bn in linker auction: 2029, 2033 & 2046 following an undersubscribed sale last week