We are not privatising Eskom – Cyril Ramaphosa
The president says government plans to improve the power utility to be a global competitor.
As President Cyril Ramaphosa visited Eskom’s Medupi Power Station in Lephalale alongside Public Enterprises Minister Pravin Gordhan, he highlighted that the power station stood to be the world’s fourth-largest coal-fired power station once completed.
There was still work to be completed on the power station to have all units fully functional, and Ramaphosa confirmed this would be completed next year.
“It cost more than anticipated”, but the country had built a landmark achievement, he said. Addressing the over 4,000-strong Eskom workforce, he said the government would not allow Eskom to be privatised.
“We are not going to sell Eskom.
“We owe a lot of money but we will continue to support Eskom for it to prevail. It’s going to continue being owned by the government.”
He said the government planned to improve Eskom to be a global competitor.
“We’ve got to stay ahead while operating at the same level as others. We are not going to let Eskom go down. Eskom is too important to the life of our country.”
He signed off by thanking all parties who were responsible for building a “better Eskom”.
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