Concessions on Eskom’s coal-fired plants a bold move, says Sim Tshabalala

Standard Bank also supports Transnet’s decision to concession the Johannesburg-Durban freight line

Standard Bank backs measures announced by the National Treasury last month that could see some of Eskom’s coal-fired power stations concessioned to private operators.

The concessioning of some of Eskom’s power plants is part of conditions that finance minister Enoch Godongwana has attached to a R254bn package to alleviate the embattled state-owned utility’s R400bn debt pile — a move that frees up the utility to conduct maintenance and invest in new generation...

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