- Bloomberg reports that South African President, Cyril Ramaphosa, has confirmed that the Ministry of Energy will take over responsibility for overseeing state utility, Eskom.
The change will be in line with a resolution adopted by the governing African National Congress at its national conference last week, which specified that state companies operating in specific economic sectors should be overseen by the relevant government departments.
“It is a clear mandate from conference,” Ramaphosa told reporters at a media event in Johannesburg on Monday. “The resolution will be implemented,” and the government will decide how and when it will be done, he said.
Eskom has traditional fallen under the control of the Ministry of State Owned Enterprises (SOE). SOE Minister, Pravin Gordhan, recently appointed a new board at Eskom. Read more
Several previous resolutions taken years ago by the ANC are still work in progress, and Ramaphosa warned that the party’s latest policy decisions will take time to implement. “Things in government move very slowly, I have learned,” he said. Ramaphosa spoke on Monday at a press event at the ANC headquarters in Johannesburg.
Related: South Africa is in a massive energy crisis. The state owned energy utility, Eskom, is facing unsustainable debt of around R400 billion and cannot meet the country’s electricity demand. More recently, the outgoing CEO of Eskom, Andre De Ruyter, laid an attempted murder charge with the South African Police Service, after drinking a cup of coffee laced with cyanide at his Eskom office. Read more
Author: Bryan Groenendaal