Economist Dawie Roodt has suggested that Eskom create a business rescue plan amid continued power cuts.
Currently, South Africans are contending with stage six power cuts due to breakdowns at the utility’s power stations.
Roodt said mismanagement of the power supply monopoly was likely to lead to privatization.
He claimed the creation of a business rescue plan now would enable Eskom to ensure consistent electricity provision again.
“Put the thing [Eskom] under business rescue, realize that this is a crisis, and see what we can do. That will probably include firing a lot of people, selling off what we can, get private sector participation.
“That is the only solution I see at the moment.”
POLITICAL INTERFERENCE
Roodt added that political interference could further cripple Eskom.
Former board members previously hit out at politicians for preventing executives from taking decisions to prevent the collapse.
Critics agreed that the power utility’s turnaround strategy had been stymied by political considerations.
Roodt warned the decision to move Eskom from the Department of Public Enterprises to the Department of Mineral Resources and Energy could make matters worse.
“There’s a lot of political play behind the scenes as well.
“In principle, there’s nothing wrong moving Eskom to the Department of Energy, but I’m afraid I think there are perhaps a lot of political reasons behind these curtains that we are not aware about.”
-EWN
In other news – Pregnancy? Here’s the real reason why Nosipho (Nompilo Maphumulo) got fired from Uzalo
She played the role of a pastor’s pregnant fiance in Uzalo. Viewers now believe that she’s pregnant in real life and speculate it’s the reason Uzalo fired her. But actress Nompilo Maphumulo said she’s not expecting. She said her time is up on Uzalo and that’s why she’s being released.
“I think the fake tummy that I’m wearing on set looks real and I portray the role of a pregnant woman well. That’s why people think I’m really pregnant. I’m very much not pregnant. There’s no bun in the oven here,” said Nompilo. Learn More