The National Treasury said it was considering ring-fencing and selling stakes in the state power utility as it sought to secure funding for the power producer and resolve an energy crisis.
Minister of Public Enterprises Lynne Brown said load shedding will continue for three more years but ruled out privatization of basic services such as providing electricity and water. “Basic services must be provided by the state,” Brown said. However she also said there are discussions about how the private sector interacts with the public services.
Although Eskom is a commercial venture, it’s the government’s responsibility to carry out the developmental responsibility, Brown said. “(Eskom) can’t be driven by capital… or profit,” she said.
From SouthAfrica.info
