Transparency key in Eskom plan - expert
Fin24

Transparency key in Eskom plan - expert

2014-12-11 12:58

Cape Town - It is a good thing that government seems to be acting on current problems facing some key state owned companies (SOC), said Solly Moeng, MD at Don Valley.

Minister in the Presidency Jeff Radebe announced that cabinet had reshuffled the Eskom board on Thursday and created a five-point turnaround strategy. He said President Jacob Zuma had assigned Deputy President Cyril Ramaphosa to oversee the turnaround of the three state owned companies: SAA, Eskom and the SA Post Office.

Read: Eskom reshuffle live

“One only hopes that the results of SOC performance reviews will be transparent and that we shall all get to know, for instance, the details of the touted five-point plan,” he told Fin24.

“However, it does seem like all this flurry of activity is done on the back foot; aimed at putting off short-term fires,” he said.

“Government would be well advised to also have a transparent review of the 2010 Integrated Resources Plan (IRP) for energy, in partnership with the private sector and relevant independent bodies, e.g. research institutes, in order to update it with data that is relevant to the country’s changed and projected energy needs into the medium to long-term,” he said.

“All future investment should be based on an updated IRP.

“Tax payers and other observers will only renew their trust in government – whose credibility quotient is fast diminishing - if all is done with utmost transparently, and having the assurance that adequate measures are in place to discourage any form of process abuse which might further impact negatively on the already suffering brand South Africa image.”

Comments
  • Made-inthe South - 2014-12-11 13:10

    The reality is that as long as Zuma783 and the ZANC is there,you ,the taxpayer will be Speared.ZANC made money out of the building of Medupi and Kusile,because their investment arm Chancellor House owned Hitachi Power Africa that had the R38 Billion contract for the boilers.That projects are now late because of strikes and faulty welding to the boilers,which had to be rectified by overseas welders. Now they will use this crisis,ZANC created,to justify the building of Russian nuclear reactors.So Chancellor House and the cadres can get tenders again.ZANC keep on winning.And if you followed the news,the Guptas are getting an uranium mine off the ground,in anticipation of the nuclear build

  • Nceba Mbane - 2014-12-11 13:11

    South Africa has 2 presidents. One put there to do all the work, and one put there to do all the thieving.

      Made-inthe South - 2014-12-11 13:24

      RAMAphosa must do everything.But 783 kept the R1 Trillion Russian nuclear deal to "handle" himself

  • DSJM - 2014-12-11 13:20

    Headless chickens

  • Cynical Heathen - 2014-12-11 13:32

    Hahaha ANC cadres will only work WHEN THEY ABSOLUTELY HAVE NO CHOICE, and also maybe the KFC ran out

  • Solomon Almeleh - 2014-12-11 14:10

    It should have been turned around 20 years ago.

      Solly Moeng - 2014-12-11 23:00

      True that many opportunities have been missed. The (sad?) Truth is that nothing can be done about missed opportunities. But we shouldn't miss tomorrow because of yesterday. Let's hope that the right decisions will be made this time and that the energy supply matter will be solved for several generations to come.

  • Steven Adamson - 2014-12-11 14:14

    Tax payers and other observers will only renew their trust in government" NO TRUST.

  • Dwaine van Vuuren - 2014-12-11 14:47

    Just making noises to appease the ratings agencies S&P and Fitch that weigh in on Friday 12th (tomorrow) on SA's credit risk. The electricity supply situation is a huge factor in these ratings agencies calculations and these latest ESKOM crises are bound to weigh heavily

  • Jack Conradie - 2014-12-11 17:15

    Just so that the government knows, the the rating agencies are in fact imposing sanctions against ZUMA and unfortunately the general population of SA, because of it's apartheid/BEE/get it all/cadre deployment - policies. They are cautioning investors, just as the case with Zim, that they will not get a return on their investment. The commies/neo capitalist Russians just want a foothold, so they will, with their strength of numbers, pour $ into the country because they will just come in and take it back by force, think Ukraine!

  • catcha.wakeup - 2014-12-11 21:13

    The ANC and AA appointments together could not work out how to change a light bulb. The plans were given to them and they were unable to execute it. Who is going to simplify the document to them so that they get 30% right.

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