By Busi Mavuso
A big take away from last week’s meeting between business representatives and President Cyril Ramaphosa was that fixing the workings of the economy must be a joint endeavour.
COP26 is a chance for President Cyril Ramaphosa to put SA back on the global map as a green investment destination and is also a chance to kickstart his much-vaunted infrastructure plans.
There’s no way of attaining healthier growth rates without dealing with the elephant in the room – our lack of electricity capacity to meet the demands of this economy. Only that way can we become richer as a nation.
Business confidence is essential, especially for the infrastructure plans that look to unlock 800,000 job opportunities in the medium term.
Schedule 2 of the Electricity Regulation Act has the potential to spur major new investment in electricity generation and make a major contribution to stabilising electricity supply.
By Busi Mavuso
Eskom’s debt is now less than R400bn. This is still a staggering number but at least it is beginning to reduce.
I believe selling a majority stake in SAA is just one step, but it promises a much-needed pragmatic approach to the problems that SOEs continue to pose.
President Cyril Ramaphosa needs to keep investment drive while striking tough balancing act in pandemic response.
President Cyril Ramaphosa’s administration took its most significant steps so far in its structural reform agenda in liberating the energy sector and selling 51% of SAA.
President Cyril Ramaphosa’s move on the licence exemption for electricity generation is highly positive.
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