Minister Pravin Gordhan signs Eskom social compact with social partners
8 December 2020
The Minister of Public Enterprises, Pravin Gordhan today signed on behalf of Government, the Framework Agreement for the Social Compact on supporting Eskom for Inclusive Economic Growth.
Minister Gordhan signed the social compact together with leaders of organized business, labour and community constituency at the end of the National Economic Development and Labour Council (Nedlac) 25th Annual National Summit today.
At the end of 2019, social partners at Nedlac started negotiating the social compact recognizing that the resolution of the energy challenges was instrumental in ensuring the economic recovery of the country.
Minister Gordhan emphasized the importance of energy security in the economy, and the need to have a discussion with social partners on the cost of electricity, and the role it has on stimulating growth in the different business sectors.