ANC Wants Private Investment in Eskom

Moody's warns that financial support for Eskom will not be enough to address the company's long-standing financial trouble.
Credit: EWN.

South Africa’s ruling party wants greater private investment in struggling state-owned power utility Eskom, African National Congress treasurer-general Paul Mashatile said on Thursday.

Mashatile also said the ruling party was holding discussions about splitting up Eskom’s operations. He was speaking during a business breakfast on the sideline of a BRICS summit in Johannesburg.

Cash-strapped Eskom reported a R2.3 billion loss for the financial year which ended in March.

Reuters