JOHANNESBURG - South African President Cyril Ramaphosa announced sweeping changes to the nation’s electricity industry to address energy shortages and reduce reliance on debt-stricken state power utility Eskom Holdings SOC Ltd.
The government will invite private companies to submit bids to supply additional renewable energy to the grid, while businesses will be allowed to produce unlimited electricity for their own use, Ramaphosa said in his state-of-the-nation address in Cape Town on Thursday. Additional capacity will be purchased from existing solar and wind plants, and independent producers will also be permitted to sell their output directly to municipalities.
CyrilRamaphosa Eskom_SA It means nothing, talk is cheap. We all know the only thing the ANC can action on is looting of state coffers and enterprises. Empty promises are dime a dozen, failure to deliver is blamed on an era gone by or white monopolies
CyrilRamaphosa Eskom_SA It means they stopped loadshedding for 2 days but SONA is over now so we back to stage 2! 🤬
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