Ramaphosa hints at second state-owned power utility: ‘It’ll be good for economy’

Date:

Ramaphosa hints at second state-owned power utility: ‘It’ll be good for economy’

He was speaking about the power crisis at the South African Communist Party congress in Boksburg earlier on Friday.

ANC president Cyril Ramaphosa at the SACP congress in Boksburg on Friday, 15 July 2022. Picture SACP/Twitter
  • Eskom
  • Cyril Ramaphosa
  • Load shedding
  • SACP

BOKSBURG – As South Africans continue to endure rolling power cuts, ANC president Cyril Ramaphosa said having a second state-owned power utility would be good for the economy and consumers.

He was speaking about the power crisis at the South African Communist Party congress in Boksburg earlier on Friday.

Ramaphosa said the idea was pitched to him by Minerals and Energy Minister Gwede Mantashe as Cabinet scrambled to find solutions to the problem that was costing the economy billions.

Load shedding has once again become a norm this winter as many of us go to bed and wake up to darkness.

Ramaphosa said the country would be informed of government’s plans to deal with the electricity crisis in the coming days.

“The severe economic and social impact of load shedding means that we have to use every available means and remove every regulatory obstacle to bring extra electricity onto the grid.”

While he planted the idea of a second power utility like Eskom, he provided no further details.

There is currently no policy proposal around the setting up of a second utility.

Instead, the government has been focused on exploring how independent power producers can be best brought on board to alleviate some of the pressures faced by Eskom.

There is also no mention of the concept in the governing ANC’s policy discussion documents, which will be discussed by delegates at the party’s policy conference at the end of the month.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

Cosatu unhappy with Tiger Brands’ decision to close Ashton canning business

Cosatu unhappy with Tiger Brands' decision to close Ashton canning business The trade union federation has called for urgent intervention and wants the company to review the decision and explore alternatives to shutting down the factory. Picture: Supplied. Cosatu Tiger Brands Ashton Email Print Tweet Share Lauren Isaacs | 51 days ago CAPE TOWN - A move

Elon Musk sued for $258bn over dogecoin support

Elon Musk sued for $258bn over dogecoin support An investor in dogecoin, originally created as a joke but whose value increased and fell as it was promoted by Elon Musk, filed a $258 billion lawsuit Thursday against the billionaire and his companies Tesla and SpaceX. Image: Tumisu from Pixabay Elon Musk Dogecoin Email Print Tweet

As fuel prices increase, calls continue for review of Road Accident Fund

As fuel prices increase, calls continue for review of Road Accident Fund The AA's Layton Beard believes the poorly managed Road Accident Fund is costing taxpayers more than is necessary. Picture: Eyewitness News. Road Accident Fund Automobile Association AA Fuel price increases High cost of living Email Print Tweet Share Nokukhanya Mntambo | 58 days ago JOHANNESBURG

Ferrari says 80% of its models will be electric or hybrid by 2030

Ferrari says 80% of its models will be electric or hybrid by 2030 The 2022-2026 plan will be driven by the launch of new products - including Ferrari's first 100% electric car, set to be presented in 2025. FILE: A Ferrari 458 Spider Picture: Pixabay.com Ferrari Electric Vehicles (EV) Email Print Tweet Share AFP | 58