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“The privatization of Eskom by other means"

Irvin Jim, the General secretary of the National Union of Metalworkers of South Africa (NUMSA), says adoption of the Independent Power Producer model, which is being promoted by BRICS New Development Bank (NDB), amounts to “the privatization of Eskom by other means and we reject it in its totality. We cannot allow the grid and the supply of electricity to be placed in private hands. We have learnt many hard lessons in the past about privatization. It ultimately worsens conditions for workers and their families, through increased tariffs and retrenchments.”

Source: www.counterpunch.org

COSATU denounces reports of retrenchments and privatization at Eskom

COSATU denounces reports of retrenchments and privatization at Eskom. “The federation is not going to allow the privatization of Eskom and the victimisation of workers. Workers should not be forced to pay with their livelihoods for the failures of government. We have seen no tangible steps to address the poor leadership and financial mismanagement at Eskom and the rush to cut jobs and destroy the livelihoods of many innocent workers and their families is an ill-conceived idea.”

Source: allAfrica.com

Privatization of large state-owned enterprises will not lead economic empowerment

Development Economist Ayabonga Cawe warns that the privatization of large state-owned enterprises will not lead, as some suggest, the black economic empowerment. “The commission’s investigation into Eskom’s awarding of the Duvha Power Station tender to a Chinese company and Sassa’s Cash Paymaster Services saga reveal part of the answer. SOEs in this era represent a vehicle to consolidate personal, narrow and at times geopolitical alliances, rather than sustained domestic and developmental accumulation. To assume that such narrow accumulation would be achieved through large-scale privatization is faulty logic. The return of the debate over privatization of state assets is an inward-looking feature of this strategic posture for narrow accumulation, rather than a reform aimed at reviving the economy.” [Sub required]

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