President Cyril Ramaphosa says the government will go after people who stole money from Eskom, promising that “we will get our money back”.
The president described Eskom as a huge risk to the economy, saying he did not know of any other company that was R430bn in debt. “We are still going to have challenges but I want to avoid stage four load-shedding. I want to see load-shedding minimised as we work on maintenance, as we restructure Eskom, as we get the finance properly raised, as we increase the technical level and as we do all these things,” he said.
“We are essentially saying we are not on a privatisation process but we are going to work with the private sector to strengthen the balance sheet,” Ramaphosa said. Representatives from the Hellenic, Italian and Portuguese communities used the occasion to pledge their support for the ANC.
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