Eskom is in deep trouble financially and operationally and South Africa is facing enormous challenges in the electricity industry, Minister of Trade and Industry Rob Davies said on Tuesday.
Davies was a guest speaker at a round table discussion hosted by the Department of Trade and Industry on the sidelines of Mining Indaba 2019.
“The spirit of addressing the challenges with Eskom is to grapple with the real problems and not to put these aside,” said Davies.
“Some announcements coming soon will show we are prepared to take the bull by the horns at Eskom and make some tough decisions.
“We have to make sure that, as we face these tough decisions, we can supply reasonably priced electricity to the people of SA.”
He did not provide more details on what the announcement would say.
‘Unbundle Eskom’
Davies was speaking a day after Eskom CEO Phakamani Hadebe said the debt-laden
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