Eskom poses a serious challenge to attracting investment in SA, according to Finance Minister Nhlanhla Nene. Speaking to the media ahead of the World Economic Forum (WEF) roundtable in Rosebank on Tuesday, Nene said: "Eskom is indeed a threat to our investment strategy going forward but we have begun to address the challenges and change the leadership." "We may need to look at the business model itself — is the Eskom we have, the Eskom we need." He added that the government was focused on a broader state-owned entity (SOE) reform process. "We’re working on all our SOEs through the SOE council chaired by the president to deal with issues of financial stability, the business models and to see if they are returned to their meaningful role. "At times, we underestimate the damage state capture has had. Our SOEs are an example; their bases wouldn’t have been eroded to the manner that they are without state capture." The purpose of the roundtable on Thursday with President Cyril Ramaphosa,...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now