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Pros And Cons For Privatizing Eskom, One Of The World’s Largest Monopolies

Pros And Cons For Privatizing Eskom, One Of The World’s Largest Monopolies

Mmusi Maimane,  new leader of South Africa's main opposition Democratic Alliance Photo: cnn.com/Getty
Mmusi Maimane, new leader of South Africa’s main opposition Democratic Alliance
Photo: cnn.com/Getty

The Democratic AllianceĀ supports privatization

The leading opposition Democratic Alliance party says “privatize now.”

“The D.A. has always advocated for the privatization of electricity supply generation, and the unbundling of Eskomā€™s supply monopoly,” the party said at its website.

Here’s why the D.A. says it wants to privatize: “It would be hugely beneficial to our economy. It would take financial pressure off the state by getting private investors to help fund electricity supply generation. It would also increase efficiency in the sector by introducing competition. And as the industry grows, it has real potential to also create a large number of jobs, particularly in the renewable energy sector.”