Unbundling Eskom is not the panacea to its ills, says Cosatu
The union federation says unbundling will not solve Eskom's problems, which include a lack of skills and high levels of debt
Cosatu is still not convinced that unbundling Eskom is the only viable solution for the embattled state-owned company, even after meeting President Cyril Ramaphosa on Monday. The federation met Ramaphosa and some ministers following countrywide protests last week against government’s plan to split Eskom into three separate entities: generation, transmission and distribution. The president also said during his state of the nation address (Sona) recently that Eskom would be provided with financial support. Those details are expected to be announced when finance minister Tito Mboweni tables his budget on Wednesday. The move to unbundle was met with anger by organised labour across the board, with fears that it would lead to mass job losses and privatisation. Cosatu, which is in alliance with the governing ANC, also complained of not being consulted about the decision. Speaking to Business Day on Tuesday, Cosatu general secretary Bheki Ntshalintshali said: “We are not convinced that the...
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