TechCentralTechCentral
    Facebook Twitter YouTube LinkedIn
    Facebook Twitter LinkedIn YouTube
    TechCentralTechCentral
    NEWSLETTER
    • News

      Fixing SA’s power crisis is not complex: it simply takes the will to do better

      12 August 2022

      Consortium makes unsolicited bid for state’s 40% stake in Telkom

      12 August 2022

      Actually, solar users should pay more to access the grid – here’s why

      12 August 2022

      Telkom says MTN talks remain on track

      12 August 2022

      Analysis | Rain muddies the waters with approach to Telkom

      11 August 2022
    • World

      Tencent woes mount, even after $560-billion selloff

      12 August 2022

      Huawei just booked its first sales rise since US blacklisting

      12 August 2022

      Apple remains upbeat about iPhone sales even as Android world suffers

      12 August 2022

      Ether at two-month high as upgrade to blockchain passes major test

      12 August 2022

      Gaming industry’s fortunes fade as pandemic ends

      11 August 2022
    • In-depth

      African unicorn Flutterwave battles fires on multiple fronts

      11 August 2022

      The length of Earth’s days has been increasing – and no one knows why

      7 August 2022

      As Facebook fades, the Mad Men of advertising stage a comeback

      2 August 2022

      Crypto breaks the rules. That’s the point

      27 July 2022

      E-mail scams are getting chillingly personal

      17 July 2022
    • Podcasts

      Qush on infosec: why prevention is always better than cure

      11 August 2022

      e4’s Adri Führi on encouraging more women into tech careers

      10 August 2022

      How South Africa can woo more women into tech

      4 August 2022

      Book and check-in via WhatsApp? FlySafair is on it

      28 July 2022

      Interview: Why Dell’s next-gen PowerEdge servers change the game

      28 July 2022
    • Opinion

      No reason South Africa should have a shortage of electricity: Ramaphosa

      11 July 2022

      Ntshavheni’s bias against the private sector

      8 July 2022

      South Africa can no longer rely on Eskom alone

      4 July 2022

      Has South Africa’s advertising industry lost its way?

      21 June 2022

      Rob Lith: What Icasa’s spectrum auction means for SA companies

      13 June 2022
    • Company Hubs
      • 1-grid
      • Altron Document Solutions
      • Amplitude
      • Atvance Intellect
      • Axiz
      • BOATech
      • CallMiner
      • Digital Generation
      • E4
      • ESET
      • Euphoria Telecom
      • IBM
      • Kyocera Document Solutions
      • Microsoft
      • Nutanix
      • One Trust
      • Pinnacle
      • Skybox Security
      • SkyWire
      • Tarsus on Demand
      • Videri Digital
      • Zendesk
    • Sections
      • Banking
      • Broadcasting and Media
      • Cloud computing
      • Consumer electronics
      • Cryptocurrencies
      • Education and skills
      • Energy
      • Fintech
      • Information security
      • Internet and connectivity
      • Internet of Things
      • Investment
      • IT services
      • Motoring and transport
      • Public sector
      • Science
      • Social media
      • Talent and leadership
      • Telecoms
    • Advertise
    TechCentralTechCentral
    Home»Sections»Energy»‘We’re not going to privatise Eskom’: Ramaphosa

    ‘We’re not going to privatise Eskom’: Ramaphosa

    Energy By Agency Staff26 November 2019
    Facebook Twitter LinkedIn WhatsApp Telegram Email
    Cyril Ramaphosa

    President Cyril Ramaphosa has reiterated that government’s attempts to reconfigure and split Eskom into three divisions is not aimed at privatising the embattled power utility.

    These measures, he said, are rather aimed at stabilising the utility and getting it back on its feet.

    “We are not going to privatise Eskom,” he said, comparing the move to auctioning one’s family for silver. “Eskom is going to continue being owned by our government.”

    We want to modernise Eskom so it can operate better, so it can be in line with new technologies, in line with modern times

    To reverse the entity’s current predicament, government has announced interventions ranging from addressing debt to operational matters.

    Ramaphosa made the remarks while addressing Eskom workers and contractors at the Medupi power station in Lephalale in Limpopo on Tuesday.

    In his state of the nation address early this year, Ramaphosa announced that Eskom would in the near future be split into three entities focusing operations, distribution and transmission.

    On Tuesday, he reiterated that there were no sinister motives behind the move.

    “This has been done all over the world. China has done it, Brazil has done it, a number of countries in Africa have done it, some countries in Europe have done it. They have done the focus areas of the business so that they can maximise and get people to pay, so that they operate efficiently. And that is precisely what we are seeking to do,” he said.

    ‘Modernise’

    “We want to modernise Eskom so it can operate better, so it can be in line with new technologies, in line with modern times. Eskom must be able to compete with other electricity generating companies around the world.”

    The president pointed out that while South Africa was the biggest energy producer on the continent, this had come at huge financial cost.

    “One of the biggest challenges is the debt that we have (from building) Medupi and Kusile. In building these power stations, we have had to go and borrow a lot of money and today Eskom owes over R400-billion, which is a debt that the government has to carry,” he said.

    Because of that debt and other factors, the country’s economy has suffered the consequences.

    “But we are addressing this problem. The government has decided that we are going to continue to support Eskom. We aren’t going to let Eskom go down. Eskom is too important, we are going to support Eskom, even though we have got a huge debt,” he said.  — SANews

    Cyril Ramaphosa Eskom
    Share. Facebook Twitter LinkedIn WhatsApp Telegram Email
    Previous ArticleNasa reveals what future moon lander could look like
    Next Article Tim Berners-Lee invented the Web. Can he save it?

    Related Posts

    Fixing SA’s power crisis is not complex: it simply takes the will to do better

    12 August 2022

    Consortium makes unsolicited bid for state’s 40% stake in Telkom

    12 August 2022

    Actually, solar users should pay more to access the grid – here’s why

    12 August 2022
    Add A Comment

    Comments are closed.

    Promoted

    Get your brand in front of TechCentral’s amazing audience

    12 August 2022

    Pricing Beyond CMYK: printers answer the FAQs

    11 August 2022

    How secure is your cloud?

    10 August 2022
    Opinion

    No reason South Africa should have a shortage of electricity: Ramaphosa

    11 July 2022

    Ntshavheni’s bias against the private sector

    8 July 2022

    South Africa can no longer rely on Eskom alone

    4 July 2022

    Subscribe to Updates

    Get the best South African technology news and analysis delivered to your e-mail inbox every morning.

    © 2009 - 2022 NewsCentral Media

    Type above and press Enter to search. Press Esc to cancel.