ANC's China syndrome - The ANC is looking to China to rescue embattled power utility Eskom as it battles to keep the lights on - http://www.timeslive.co.za/thetimes/2015/05/18/anc-s-china-syndrome
The ANC is looking to China to rescue embattled power utility Eskom as it battles to keep the lights on
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Home The Times Article
ANC's China syndrome
Hlengiwe Nhlabathi | 18 May, 2015 00:01
Mantashe said the ANC was considering how China managed to change Lenovo into a world renowned
technological enterprise by allying it with IBM and refining its technologies. File photo
Image by: Gallo Images / Foto24 / Mary-Ann Palmer
The ANC is looking to China to rescue embattled power utility Eskom as it battles
to keep the lights on.
ANC secretary-general Gwede Mantashe yesterday dismissed reports
of proposals for the privatisation of Eskom, saying discussions in the
ruling party were instead about adopting the Chinese model of
capitalising state-owned enterprises.
"The Chinese system is simple. For example, it would give away a
30% stake in a state-owned enterprise and keep the rest. Then it
capitalised the institution. That debate is ongoing.
"It is based on experience we have seen in China, which we think can
work better with us rather than the privatisation we promised when the
neo-liberal agenda was in the ascendency."
Mantashe said the ANC was considering how China managed to
change Lenovo into a world renowned technological enterprise by
allying it with IBM and refining its technologies.
"There is no debate on privatisation. If you say 'privatisation' you are
choosing an ideological part that is not in the debate," he said.
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ANC head of economic transformation Enoch Godongwana said
recently that an ANC lekgotla last year had decided to sell off parts of
Eskom.
He said the move to sell a stake to pension fund entities such as the
Public Investment Corporation was intended to raise money to deal
with the national power utility's financial woes.
Godongwana's comments have set off alarm bells inside the ANC's
alliance partners, the SA Communist Party and labour federation
Cosatu.
Mantashe said there was no simple solution to load-shedding.
"Load-shedding will be a feature of our electricity supply for years.
"What is important now at Eskom is to accelerate the [power station]
building projects, to commission Khusile, Medupi and Ingula, and to
improve servicing of power stations," he said.
The power stations are not expected to be completed until 2022.
Mantashe said he could not speculate about the effect Eskom
blackouts would have on the ANC's prospects in next year's local
government elections.
He boasted that the ANC government had connected 7million
households to the national power grid.
"We have always owned up to the fact that the [power station] building programme started later than
it should have, so we are not going to get an instant solution.
"We are owning up. I think the correct solution is to own up rather than manufacturing responses to
appease the electorate," he said.
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ANC head of economic transformation Enoch Godongwana said
recently that an ANC lekgotla last year had decided to sell off parts of
Eskom.
He said the move to sell a stake to pension fund entities such as the
Public Investment Corporation was intended to raise money to deal
with the national power utility's financial woes.
Godongwana's comments have set off alarm bells inside the ANC's
alliance partners, the SA Communist Party and labour federation
Cosatu.
Mantashe said there was no simple solution to load-shedding.
"Load-shedding will be a feature of our electricity supply for years.
"What is important now at Eskom is to accelerate the [power station]
building projects, to commission Khusile, Medupi and Ingula, and to
improve servicing of power stations," he said.
The power stations are not expected to be completed until 2022.
Mantashe said he could not speculate about the effect Eskom
blackouts would have on the ANC's prospects in next year's local
government elections.
He boasted that the ANC government had connected 7million
households to the national power grid.
"We have always owned up to the fact that the [power station] building programme started later than
it should have, so we are not going to get an instant solution.
"We are owning up. I think the correct solution is to own up rather than manufacturing responses to
appease the electorate," he said.
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