Moving Eskom oversight is political reshuffling of deck chairs on the Titanic
11 January 2023
Note to editors: Please find attached soundbite by Dr. Dion George, MP.
The announcement that Eskom oversight will be transferred to the Department of Energy sets off financial alarm bells and falls far short of the real reform of the energy sector that South Africa desperately needs. It is inadequate, short-sighted and a step in the wrong direction.
It is well established that the root cause of Eskom's problems stem from a lack of structural reform, mismanagement, corruption on an industrial scale, inadequate competition in the
electricity market, and weak governance and regulation. Simply shifting the oversight of the company to another government department does nothing to address these underlying issues, and Eskom will continue its current trajectory of financial and operational decline.