Every citizen is held hostage by Eskom – by their load-shedding that leads to massive economic losses as well as by their constant demands for lifebuoys and endless driving crises.
This is how Ashor Sarupen, DA member of Parliament’s standing committee on allocations, said Tuesday in the debate on the special allocation bill.
The National Assembly voted in favor of it late afternoon. It is now referred to the provincial council.
The bill provides for R59bn extra aid to Eskom over the next two years, in addition to the R23bn a year over the next decade announced in the February budget.
Eskom insisted that they get the money by the end of October.
He said there were no conditions Eskom had to meet in advance to get the money, despite the DA’s various amendments that were proposed to impose strict conditions.
Eskom suffered a loss of R2.3 billion last year and in the financial year to end-of-March this year the loss was R21 billion. They cannot pay the interest on the debt from cash flow and has a debt burden of more than R440 billion.
Sarupen believes that the only solution for Eskom is to privatize power generation units, move them away from coal and implement the proposals of the National Treasury’s economic policy document.