contentious economic growth strategy documentLast week, President Cyril Ramaphosa also backed Mboweni's recovery plan, a move that likely put him on a collision course with his main backers from the left. However, while Ramaphosa recently told The Economist that he supports his finance minister’s reforms, he said he does not agree to the selling off of new Eskom power stations to save the ailing power utility.
With a mounting debt of R440bn, which it cannot service from revenue, Eskom is regarded as a major risk to SA’s finances.During a question-and-answer session in parliament on Thursday, Mabuza said he generally agrees with Ramaphosa’s views on the Mboweni document, as well as plans to restructure Eskom.
“I am not aware of any differences between me and president. The fact of the matter is that the discussion you see emanated from the minister of finance. [The issues raised] were first discussed by the ruling party and cabinet where I sit. Now what you see is a product of a collective within the party, and cabinet,” said Mabuza.
He also said he firmly supports the plans to restructure Eskom, and apologised for the load-shedding which threatens to derail Ramaphosa’s drive to revive the economy.Last week, Ramaphosa reiterated that Eskom, which is in the process of being broken up into three entities — generation, transmission and distribution — will not be privatised.
Serious,wat about Cosatu🤣🤣
Count me out of any 'collective', especially their collective of thieves
There appears to be no choice. The damage was done by the Zuma government. The Ramaphosa government may survive the plan if the plan implemented including the sale of parts of Eskom. The country and the government will fall if it is not. Rock and a hard place.
How can any intelligent and conscious African person embrace an imposed economic plan that was devised out of SouthAfrica in dollars? tito_mboweni CyrilRamaphosa PresidencyZA eNCA
Mboweni also warn about implementation
Is he now taking him serious?
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