Load shedding is here to stay, but the state is not going to put employees’ pension money at risk to sort out the problems at Eskom.
“At its core, load shedding is the result of Eskom’s inability over many years – due to debt, lack of capacity and state capability – to maintain its power stations.
“The reality we have to accept is that Eskom must do the necessary maintenance to improve the reliability of the network. So load shedding stays with us for the immediate future.
“When load shedding is unavoidable, it must be applied in a predictable way to minimize disruption and cost to businesses and households,” says Ramaphosa.
Ramaphosa did not say much about the unbundling of Eskom, but confirmed that it was still the plan for the utility company.
Ramaphosa already said on February 6, 2019, in the state speech he delivered, that three separate subsidiaries will be created focusing on power generation, transmission and distribution. They will fall under Eskom Holdings as a holding company.