President Cyril Ramaphosa said the energy department will take over responsibility for overseeing Eskom, which has been failing to meet the nation’s power demand since 2008.
The almost 100-year-old state-owned power utility has been failing to meet the nation’s power demand since 2008South African President Cyril Ramaphosa said the energy department will take over responsibility for overseeing state utility Eskom Holdings SOC Ltd., which has been failing to meet the nation’s power demand since 2008. Picture: BLOOMBERG
The change will be in line with a resolution adopted by the ANC at its national conference last week specifying that state companies operating in specific economic sectors should be overseen by the relevant government departments. That could signal a dissolution of the department of public enterprises, which oversees Eskom, logistics group Transnet and other entities.
Eskom, which supplies more than 90% of SA’s electricity, has been at the centre of a national energy crisis because its old and poorly maintained plants can’t generate enough power to meet demand. It subjected the country to a record 205 days of rolling blackouts in 2022, which stymied economic growth and investment.
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