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SA says no Eskom privatisation despite US$21m debt

ESI AFRICA.COM

06 August 2014

In South Africa, the government has ruled out privatising state-run electricity supplier Eskom to solve the utility’s funding shortfall of ZAR225 billion (US$21 billion), Bloomberg reports.

Public enterprises minister Lynne Brown said in a statement that “it would be a grave mistake to privatise this critical player in the economy.

She added: “To my knowledge, Cabinet has not discussed the matter of privatisation, and there is no need to unnecessary raise temperatures around this matter.”  Read more…

 

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