“Don’t privatise,” COSATU tells Finance Minster

“Don’t privatise,” COSATU tells Finance Minster Pravin Gordhan. “Treasury must provide adequate funding to [state-owned enterprises] so that they can fulfill their developmental mandate. Privatisation cannot be the route to solve their challenges. Government must be commended for ending black outs. However Eskom cannot be privatised. That will result in electricity becoming unaffordable for workers. Eskom must not be allowed to continue with its hyper-inflation increases.” The union federation also says “government must act with speed to deal with the water crisis. Municipalities cannot be allowed to continue to neglect water infrastructure nor must they be allowed to price water out of the reach of the poor.” At the end of last month former Reserve Bank governor Tito Mboweni called for the privatisation of Eskom and Telkom.

Published on

Nov 1, 2016




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