The Democratic Alliance has slammed an ANC plan to move Eskom away from Public Enterprises and into the Ministry of Energy. | News24_Business
"The DA is implacably against this move and will fight it, tooth and nail, with all the levers at our disposal," said Ghaleb Cachalia, the opposition party's spokesperson on Public Enterprises.
In a statement, Cachalia said there was an obvious conflict of interest in an energy ministry being Eskom's shareholder while also having responsibility for competition and regulation in the sector.A deep dive into the big business story of the week, as well as expert analysis of markets and trends."There is a clear and present danger that if this happens, Eskom will never be fully unbundled – as is necessary.
Cachalia speculated that the development was the outcome of a"political deal" to keep President Ramaphosa in power for another term.Ramaphosa was strongly supported by Gwede Mantashe - Minister of Energy and Mineral Resources and national chairperson of the ANC - when he was was re-elected as leader of the ANC last month.accused the utility's management
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
STUART THEOBALD: Eskom’s renewable energy shockerThe outlook for energy security has been thrown into disarray
Read more »
Ramaphosa: Energy department will oversee Eskom | BusinessSouth African President Cyril Ramaphosa said the energy department will take over responsibility for overseeing state utility Eskom, which has been failing to meet the nation’s power demand since 2008. | News24_Business
Read more »
Department of Energy to take over EskomSouth African President Cyril Ramaphosa said the energy department would take over responsibility for overseeing state utility Eskom.
Read more »
Energy department to oversee EskomPresident 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.
Read more »
'Grave mistake' to move Eskom to energy department: DADemocratic Alliance MP Ghaleb Cachalia said the party was against the move and would fight it “tooth and nail”.
Read more »
Mantashe to get political oversight of EskomPresident Cyril Ramaphosa said the energy department will take over responsibility for overseeing Eskom.
Read more »