COPE wants Eskom privatised

FEBRUARY 23, 2015

The Congress of the People (COPE) believes the country's current energy crisis can be solved by privatising Eskom. This is part of the resolutions that were taken at COPE’s National Congress Committee, which was held in Kempton Park at the weekend.

COPE President, Mosiuoa Lekota, said that the country cannot afford to bail out State-owned enterprises every few years.

"When you have a State-owned enterprise that is, instead of making profit and contributing to the economy, consumes money from the fiscus, you know it’s not worthwhile to have such an enterprise that is a burden to taxpayers," Lekota said.

He said that the country was contributing money to Eskom instead of the power utility generating and making money for the economy.

Lekota argued that the "private sector would make Eskom efficient and the country will never run short of electricity".