LETTER: NUM will fight Eskom unbundling
Move is motivated by greed and continued corrupt activities within the power utility
Splitting Eskom into three units will mean its mandate of producing reliable electricity at an affordable rate will be replaced by an emphasis on productivity at whatever cost. The unbundling of Eskom will be a costly exercise. There will be three boards, three CEOs and three CFOs, which will just add to the problems. They will still consume the very same constrained public resources. Rumours abound that there will be a large number of retrenchments at Eskom. The real unemployment rate, including people who have given up looking for work, is 38%, with close to 10-million people struggling to get jobs and more than 17-million on welfare. At the recently held National Union of Mineworkers (NUM) national shop stewards’ council, workers expressed anger towards Eskom. They reiterated the NUM’s position that retrenchments at Eskom will not happen in our lifetime. The unbundling of Eskom is clearly motivated by greed and continued corrupt activities within the power utility. This move will...
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