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Go

ANC wants private investment in Eskom

Cash-strapped Eskom reported a R2.3 billion ($175 million) loss for the financial year which ended in March.

FILE: Eskom's Megawatt Park in Johannesburg. Picture: Reinart Toerien/EWN.
FILE: Eskom's Megawatt Park in Johannesburg. Picture: Reinart Toerien/EWN.
| 477 days ago

JOHANNESBURG – South Africa’s ruling party wants greater private investment in struggling state-owned power utility Eskom, African National Congress treasurer-general Paul Mashatile said on Thursday.

Mashatile also said the ruling party was holding discussions about splitting up Eskom’s operations. He was speaking during a business breakfast on the sideline of a BRICS summit in Johannesburg.

Cash-strapped Eskom reported a R2.3 billion loss for the financial year which ended in March.

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