COSATU will fiercely oppose any talk of the privatisation of Eskom
The Congress of South African Trade Unions has noted with shock the media reports that there is talk of a possible sale of a 49% stake of Eskom by the National Treasury to private investors. If this is true, the federation will vigorously oppose such an ill thought and inappropriate policy proposal from the Treasury.
This decision will also herald a new era in government’s abandonment of the ANC and Alliance policies. The May 2008 Alliance Summit called for a moratorium on privatisation and outsourcing and the review of current outsourced public sector utilities.
The ANC made a commitment to ensure that state-owned commercial entities operate as powerful instruments of economic transformation and remain firmly within the control of the state, in order to increase their capacity to respond effectively and efficiently to its developmental agenda.
As a country ,we need a strong developmental state committed and ready to address unemployment, inequalities, and that is prepared to transform the State Owned Entities like Eskom in line with the developmental agenda of the ANC government.
COSATU reiterates its position that the task of fundamental transformation of our economy, the creation of decent work and the provision of basic services to the majority of our people cannot be left to the market forces. Government cannot afford to outsource its developmental role to the private sector. The private sector is not driven by any need to serve the poor but by their desire for profit maximisation.