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Johannesburg - At a meeting in Johannesburg on
Wednesday the Business Unity South Africa (Busa) Council expressed its deep
concern at recent developments around Eskom.
"Apart from Eskom, BUSA's concern also stems from its impression that a
pattern of governance difficulties appears to have emerged in several other
parastatals such as Transnet, SAA and the SABC.
"If not corrected soon, the cumulative impact on the economy could be
serious. Busa urges government to play a leadership role in helping to
resolve these problems and to ensure compliance with good corporate
governance practice," business representative body said.
"Busa therefore believes it is now necessary to restore confidence in
the governance processes and structures of certain parastatals such as
Eskom," it added.
Busa said that in the recent WEF survey of global competitiveness among
133 countries the quality of SA's electricity supply was ranked at only 100.
"Busa believes that, unless the serious problems being experienced by
some parastatals especially Eskom are speedily resolved, the risk exists
that they will inhibit rather than encourage South Africa's rapid recovery
from the current recession.
"Busa remains willing to engage with government to assist in resolving
the problems that have been identified regarding parastatals."
- I-Net Bridge