A failure to fast track necessary changes to Eskom will continue to dampen growth and investment, South Africa’s Employment and Labour Minister warned stakeholders at the annual 24th Nedlac Summit in Johannesburg.
Thulas Nxesi said the proposed restructuring, the filling of critical vacancies, appropriate pricing structures, as well as the role of IPPs should be a priority.
“Any economic growth is invariably tied to a competitive electricity price, security of supply and a sustainable state-owned utility that will require significant restructuring,” said Nxesi.
In February, President Cyril Ramaphosa announced the restructuring of Eskom that would see the power utility split into three separate operating entities.
The labour minister said skills development for sustainable employment should be central to job creation, adding that the process should be focused on reskilling “our current workforce with portable skills in the labour market.”
“We need to prioritize life-long learning to enhance flexibility in employment opportunities,
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