Trade unions, the pro-nuclear lobby, discredited former Eskom staff and the Zuma fight-back brigade have joined forces to campaign against independent power producers (IPPs), which they claim are responsible for Eskom’s financial crisis. The anti-IPP campaign is the new anti-Ramaphosa proxy battle, and it has complicated and poisoned the environment at Eskom, where the government, management and trade unions must attempt over the next month to strike a bargain over Eskom’s restructuring. The restructuring into three separate state-owned businesses involving a generation company, which will own the power plants; a distribution company which will own the poles and wires; and a transmission business, which will own and manage the national grid, is a critical part of the government’s strategy to defuse the financial and operational risk posed by Eskom to the economy. The campaign forced a response from energy minister Jeff Radebe on Sunday, who issued a lengthy statement refuting the ce...

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 articles from our international business news partners; 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