Ramaphosa Underlines That Eskom Restructuring Not A Prelude To Privatisation

Riyaz Patel

President Cyril Ramaphosa has reemphasized that government’s plan 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 the family’s silver.

Ramaphosa was addressing Eskom workers and contractors at the Medupi Power Plant in Lephalale in Limpopo Tuesday.

“Eskom is going to continue being owned by our government.”

Government has announced drastic interventions, ranging from addressing debt management to operational matters to reverse the entity’s current challenges.

The President was briefed on the status of the project – #Medupi will be the world’s fourth largest coal-fired power station and once completed, it will be able generate enough electricity to power almost the whole of the Gauteng province pic.twitter.com/pszBXrlj8a
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