COSATU - The Congress of South African Trade Unions

11/30/2023 | Press release | Distributed by Public on 11/30/2023 12:15

COSATU remains deeply concerned about Eskom’s proceeding with its unbundling

Special Note:Happy 37th Anniversary to COSATU. Formed December 1985

30 November 2023

The Congress of South African Trade Unions (COSATU) remains deeply concerned about Eskom's proceeding with its unbundling, including recent announcements of the establishment of its Transmission Company.

Eskom is facing multiple crises because of endemic corruption, endless wasteful expenditure, rampant cable theft, ill equipped management and years of under investment in infrastructure. It is not in a crisis because it is a single public utility. It solutions rest upon addressing its fundamental crises and not restructuring its corporate shape or creating new boards.

Separating Eskom into three utilities will create additional management costs and weaken Eskom's ability to plan its generation, transmission and distribution investments or exercise the requisite command and control.

Workers fear that Eskom's unbundling may be a precursor to its future privatisation and the impact this may have on jobs and electricity tariffs for working class communities.

COSATU will continue working with its Affiliate, the National Union of Mineworkers, to raise our objections with government and engage with it on solutions that can restore Eskom to once again be the engine of South Africa's economic growth.

Issued by COSATU

For further information please contact:
Matthew Parks
Acting National Spokesperson & Parliamentary Coordinator
Cell: 082 785 0687

-----"Special Note:Celebrating 50th Anniversary of the 1973 Durban Strike". Amandla!