Recovery should kick off with allowing state-owned enterprises to be run like businesses

All South Africans stand to benefit from a reliable, low-cost electricity supply industry that can support the development of the economy. We look forward to further development of the future scenario for Eskom, including details on the financial plan to stabilise the utility’s balance sheet and the appointment of a permanent CEO to deliver on that the roadmap.

Despite our reservations about the planned coal and nuclear future and further expansions because of cost, environmental and perhaps unavoidable political considerations, we welcome the clear path being set in the IRP for the industry – and for the clear role for investors to play in shaping our energy future. This week’s load-shedding serves no better reminder of the urgency of the matter.

In line with Global Entrepreneurship Week last month, FNB Business conducted a series of engagements with township entrepreneurs across South Africa’s biggest townships. The engagements started in Tembisa and Soweto townships in Gauteng and were followed by uMlazi Township in KwaZulu- Natal and Khayelitsha in the Western Cape. Mike Vacy-Lyle, CEO of FNB Business said…