COSATU statement on the appointment of a new Eskom board
3 September 2022
The Congress of South African Trade Unions has noted the appointment of the new Eskom Board. We wish them well and hope that they will manage to stop the implosion of the power utility and fix the current load shedding.
We expect this Board working with Eskom’s management to ensure that the power utility develops a solid and sustainable funding model. Continuous double digit and above inflation electricity tariffs hikes for the past 16 years are a burden on consumers and the economy, and they are stifling its growth.
We expect government to give Eskom the full support and resources it needs to deliver upon its mandate. This includes government honouring the Eskom Social Compact drafted by COSATU and signed by government and social partners at Nedlac. Eskom should be assisted to slash its debt burden to enable it to focus its resources on ramping up maintenance and investing in new generation capacity. Law enforcement organs should also help Eskom to tackle the rampant corruption crippling it.
Failure to do so, is tantamount to tying the hands of the Board and Eskom when they need to be given full support to rebuild Eskom and end loadshedding.