https://www.engineeringnews.co.za
Coal|Energy|Financial|Power|Resources
Coal|Energy|Financial|Power|Resources
coal|energy|financial|power|resources

DA says it will fight Eskom’s move to Energy Dept

Eskom logo

Photo by Reuters

10th January 2023

By: Thabi Shomolekae

Creamer Media Senior Writer

     

Font size: - +

The Democratic Alliance (DA) said on Tuesday that it is “implacably” against the African National Congress’s (ANC’s) intention to move Eskom from the Department of Public Enterprises to the Ministry of Energy, overseen by Mineral Resources and Energy Minister Gwede Mantashe.

The DA said the move also had potentially significant financial implications for the country.

On Monday President Cyril Ramaphosa said government would implement “a clear mandate” from the ANC to move many State-owned companies, including Eskom, to ministries overseeing their economic sectors.

DA Shadow Minister of Public Enterprises Ghaleb Cachalia is fearful that private investment will be passed over and that corruption and loadshedding will flourish.

Only factional interests are set to gain from this move, which is "clearly an outcome of a political deal to keep president Ramaphosa in power for another term,” said Cachalia.

He highlighted that in the recent run-up to outgoing Eskom CEO André de Ruyter’s resignation, Mantashe displayed his “destructive influence”.

“He is on record as saying ‘Eskom, by not attending to loadshedding, is agitating for the overthrow of the state’. This, on top of earlier statements that De Ruyter was acting ‘like a policeman’ at the corruption-riddled entity,” Cachalia recalled.

He claims that Mantashe will use the coal lobby and his allies to champion the saving of jobs under the guise of  fixing Eskom’s energy availability factor.

Edited by Sashnee Moodley
Senior Deputy Editor Polity and Multimedia

Comments

Showroom

Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.19 0.247s - 146pq - 2rq
Subscribe Now