Currently, the power utility outfit , is deeply embattled and struggling to fulfil its operational mandate. The antidote to this failure comes in the form of a mooted unbundling process.
The implication of the unbunding is that the people will have to pay more.
In his reaction to the unfortunate development, President Ramaphosa spoke on the disastrous predicaments facing embattled state owned enterprises. Naturally, the president’s focus was on Eskom for two main reasons.
The unbundling strategy aims to enact a greater sense of accountability, while distributing the clearly unbearable load across three sub-entities – thereby creating a leaner, more efficient utility. Ramaphosa elaborated on the plan, saying:
The power utility is undoubtably the most vital state owned concern – the sustainability of South Africa’s already uneasy economy is intrinsically tied to the stability of Eskom. If Eskom was to experience a catastrophic failure – a scenario which some analysts say is not too far-fetched – it would sink South Africa to new depths of depravity.
Eskom is apparently a shadow of itself and the nation’s sullied state-owned entity is because of State Capture.
Corruption, cripple South Africa’s limbs – rendering it less effective, less transparent and more dysfunctional – took particular aim at state owned enterprises and their lucrative tender deals. Eskom, receiving the largest portion of Treasury funds due to its size and importance, attracted many greasy palms.