“If we look at other countries like China, it has a number of state-owned electricity generating companies that compete among themselves to bring prices down,” Ramaphosa said in a speech to a meeting of the SA Communist Party on Friday. “That is a future that we should begin to imagine.”
The nation’s energy supply has been patchy since 2005, with Eskom, struggling to keep pace with demand. Frequent outages have caused the economy to underperform by 40%, finance minister Enoch Godongwana said on Thursday. Its high-debt burden has also been a strain on the nation’s coffers.
Nisenza muncu yaz
It's not competitive; let private companies give eskom a run
All planned
What? Like I'm gonna open the same type of café across the road from my existing one so as to create competition against myself so I can improve my service and reduce my prices. What the fudge is wrong with these morons? Please protect me from myself.
Since De Ryter stopped the looting at Eskom, the MYANC and it’s clan of hyenas needs an alternate avenue to siphon money out of the ficus !!!!
How far is he with the generation, transmission nd distribution new entities of eskom? Just like they did with SAA, how's a new airline doing? They always talk nonsense, nd its no solution... all SOES are dead or run down, all spheres of governments have collapsed. failed state!
Compete? Government competing to itself.
We heading towards metrorial and gautrain situationship
Mr President, why Eskom's twin brother and not private suppliers.?
Mxi
I don't know maybe I'm illiterate or stupid, where exactly is the logic in creating a second state owned that will compete with Eskom than to use the very same funds to upgrade and assist eskom? Cyril must just say it straight that he wants to create his own power station.
Sunlight produces power, go for solar systems as backup
Another money making scheme for cadres . Ezika Thambo madoda .
But theres nothing wrong at Eskom mos they just dont want to prioritize it...
It makes a lot of sense. Eskom needs competition and it will help ease the pressure on eskom
You can’t compare us to a country where people know what they’re doing and here we are with EVERYTHING broken despite costing 10 X more than it should have. Compare apples with apples
A mad people how can you compete with yourself.
Another distraction
He does realise that they will both be state owned entities - which means in essence they are part of the same entity right 🫤🫣
This is dumbest idea 💡 I have ever heard. What kind of administration do we have? This car is failing because I failed to maintain it,let me go and buy another one. If u expected more think again.
How pathetic. How will that make a difference. Best is to allow private enterprise to supply and then you will see real competition.
The ANC is a misplaced and out of touch organisation if they believe bandages are solutions to Mzansi power problems. Creating a new entity in what environment 🤔 hayi mara Cyril I thought you more clever than the rest! I rest my case🤮
RamaphosaMustGo RamaphosaMustGo RamaphosaMustGo PhalaPhalaFarmGate CyrilRamaphosamustgo RamaphosaMustGo
How much did you get to approve that tender? Eiy safa ukudayiswa singabahlali ezweni.
Buy a box of matches and a packet of candles and you'll be miles ahead of eskom.
More opportunities to steal tax money
Eskom is State owned; so why competing with another power supply? ANC can't build a well functioning hospital and now another power supply? Insanely crazy🤬
That is good
Wanya lona.
30 years is only they thinking about it now...what a bull
🙈🙈🙈🙈
This sounds like an INSANE plan bcos government has proved they are not capable of running successful state owned enterprises.
That is why they pushing destruction of Eskom
This is going to be the 2nd 1
Let the private sector open another.
Cyril is going to make us say inappropriate things honestly, if one failed dismally what makes him think second one will work
We are grateful to everyone opposed to selling of Eskom. Can they allow Eskom to function proper now that they’re moving on?
I think is to add another problem on top of another. A competitor must private company. How come can Govt compete with itself. Except that the present ESKOM failed and useless Staff would be RECYCLED to a new state-owned company. I'm not interested. This Govt like RECYCLING.
Why not fixing Eskom?
What an idiotic idea. State cannot run what was a well run profitable organization before they got involved and absolutely destroyed it, yet now want to start another one? Pray tell where's the money for this ridiculous idea coming from?
How about cutting off power to Zim, they owe us a couple of billion... Wonder if the countries we supply experience loadshedding!?
Brillaint. A Escom II. What about a Denel II, Prasa II, Sanral II, etc. That will teach common people not to mess with the ANC.
With what money?
So you failed by ransacking the first company. Now you want to start another one of the same and think that you will have a different outcome? There was a movie about that called Dumb and Dumber.
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Motsepe's eskom you mean?
Good enough reason for the Gupta’s to return for another dip into the cookie 🍪 jar…!
So why another SOE have an private company. You’ve proved a dismal failure with Eskimo
Eskom is “dead horse”-Andre Ruyter instead of giving it more money to build new generators they rather open a new entity. The rot at Eskom is deep. The employees will sabotage that new generator. We have Medupi as an example. Let’s stop resuscitating the dead Eskom 2.0
MXM he's drunk, eskom is the state company
They know exactly how to fix loadshedding but refuse to do it as they won't be able to loot
You want another easy cash flows for your incompetent friends so called ministers or CEO
🤣
So we'll have permanent loadshedding
Why 'state owned'. Is it because the MYANC knows that quotas can't compete?
This clear this old age government doesn’t have proper plans, if they are failing in eskom how could they able to make it on the new company
Thats what they wanted in the first place; privatized electricity. This was clear from day 1.
That's BS, why don't take the money that will be used to build the second power station and fix Eskom with it.
Wasting money and time, how long will it take to finish another power supply? While we getting loadshedding. Just fix Eskom
Is considering? Firstly is a lie, secondly it's too late for him to do that. He must just resign.
De-risking power supply. Mr President Sir! CyrilRamaphosa
Definition of insanity - doing the same thing repeatedly expecting a different outcome
Where is the money for that coming from?
CyrilRamaphosa is not the first president to use this card it has been in talks for years this isn't new. I doubt he will even make a move to get this project off the ground because that would mean action and not fancy speeches.
Lol 🤣 what a joke. Why don't he change other eskom n give them new names n hire ceo's same thing.
😭😭😅😅😅😅😅😅
Others SOEs are in ICU and this clueless billionaire still wants to build another for future corruption.... He must be smoking something this Shrek 🚬😂⌚⏳🔚
Sounds like election campaign 🤔🤔
An oligopoly .....much better !
Actually what is sasol plant producing i always ask myself
Another cow to milk. First cow has gone dry.
Oh yay. 2 eskoms. Clearly the lesson of making them gov owned hasn't been learned.
Who will be the stake holders, ANC?
So the TimesLive saw no need to question this stupidity? 🤦🏽♂️🤦🏽♂️🤦🏽♂️🤦🏽♂️🤦🏽♂️
They can't even run one company. Rather make one all Indian company and one all White one.
Yes Yes Yes Another source of Money for the comrades to eat from & Another opertunity to appoint comrades to VoetsekcANCer VoetsekEFT WhereIsContainerAmo cANCerWillFall cANCer EFT cANCerWillFall
Rupert Motsepe Ramaphosa RMR Electricity.....
Cyril is no longer a President, he can't make anymore announcement
Oh like RET and Thuma mina but I still don't get it? Just deliver the damn service!!!
Thats a good idea.Bring in another State owned electricity supplier to rival Eskom, that way you'll have competition especially since both will be state owned.Private energy suppliers can come into the space as well,but not on the basis of privatizing Eskom,No. Leave Eskom as SOE