During his speech before the “nation”, the ANC president said that Eskom could not go down the drain and that the state would see that enough funds are made available to keep the entity going.
According to experts, the R230bn is not enough to save the failed power supplier.
Chris Yelland, a well-known energy expert, believes the money supply does not address the core issues. Ramaphosa did not say how the government will address underlying problems and no vision is feasible. He doesn’t even have the support of the ANC’s partners. From black business circles, Ramaphosa has been requested to announce a timeframe with specific guidelines on how and when the entity will be rescued.
Cosatu mentions that leadership instability is the problem with all state entities but does not mention that it is black leadership responsible for the failures.
Even Ramaphosa’s employment promises of almost 17 000 opportunities per month sounds like a dream.
Read the original article in Afrikaans on Die Vryburger
South Africa Today – South Africa News