Mashatile proposes Eskom split, private equity investment
ANC treasurer general Paul Mashatile has proposed that the solution to the challenges currently facing Eskom might be splitting the state-owned enterprise's (SOE) functions into three.
Mashatile was addressing the Cape Town Press Club at Kelvin Grove in Newlands on Tuesday, and fielded multiple questions on the economy and ailing SOEs.
The ANC top six member was frank about Eskom and other SOEs' problems.
"Yes, it is true that Eskom's debt goes to R300bn. Obviously, we [as the ANC] don't think it can be resolved by increasing tariffs. The price of electricity is already very high."
A proposed plan is to change the exposure faced by current investors, such as the Public Investment Corporation's R100bn, into equity.