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President Ramaphosa must accelerate the sale of Eskom, says DA

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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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