President Cyril Ramaphosa has all but ruled out the sale of some of Eskom’s coal-fired power stations, saying his government is not in the business of selling power stations.

While earlier this week Ramaphosa appeared to be backing most of the proposals in finance minister Tito Mboweni’s economic growth strategy document, on Thursday he told MPs that selling power stations is problematic.

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 Times Select.

Already subscribed? Simply sign in below.

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