President Ramaphosa must accelerate the sale of Eskom, says DA

The Demo­c­ra­t­ic Alliance (DA) has on Wednes­day called on Pres­i­dent Cyril Ramaphosa to adver­tise the sale of Eskom’s pow­er sta­tions if he is seri­ous to sell them to pri­vate investors.

Address­ing the South African Nation­al Edi­tors Forum (Sanef) on Tues­day, Pres­i­dent Ramaphosa said sell­ing some of Eskom pow­er sta­tions to pri­vate investors will cre­ate jobs to the local com­mu­ni­ties.

While DA wel­come Ramaphosa for agree­ing to sell­ing the pow­er util­i­ty, the oppo­si­tion party’s Shad­ow Min­is­ter of Pub­lic Enter­pris­es, Ghaleb Cachalia said he [the pres­i­dent] should put his mon­ey where his mouth is, speed up the process and urge Eskom to adver­tise at once.

“In Octo­ber last year, Finance Min­is­ter Tito Mboweni’s eco­nom­ic pol­i­cy paper pro­posed sell­ing some coal pow­er sta­tions to raise funds to the tune R450 bil­lion. At the time Pres­i­dent Ramaphosa argued that his gov­ern­ment had no inten­tions of sell­ing off pow­er sta­tions. This U‑turn by the Pres­i­dent is, there­fore, a wel­comed move in the right direc­tion,” said Cachalia.

Cachalia  said Pres­i­dent Ramaphosa should stand firm in his change of heart and not be hin­dered by Deputy Pres­i­dent David Mabuza and Min­er­als Min­is­ter Gwede Man­tashe,

“They are eager to see South Africans con­tin­ue to depend on Eskom while it can’t keep the lights on,” Cachalia.

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