FINANCIAL TIMES AFRICA SUMMIT: ‘Electricity is a public good,’ says Minister Gordhan, defending state ownership of Eskom

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Eskom is necessary because providing electricity is a public good and the state should be involved in the provision of public goods, says Public Enterprises Minister Pravin Gordhan.

Public Enterprises Minister Pravin Gordhan was asked at the Financial Times Africa Summit on Tuesday why South Africa needed Eskom at all. A member of the audience put it to him that South Africa had been ahead of the curve in 1993 and 1994 in licensing mobile telephone companies and that had changed the country’s telecoms landscape.

“There are other examples in the United States where some of the issues have relevance as well,” Gordhan added. “But in a way in which what is happening in some countries in the north doesn’t happen here eventually on the African continent as well; which is that renewable energy which came in fairly cheap — and that was its selling point — now the prices are being increased to match market prices for other forms of energy.

Gordhan was asked about the role of coal in South Africa’s transition to renewables. Would South Africa still be producing coal even after it had decarbonised, even after the domestic power stations had been closed? “So they will be an important component until we get our baseload right; until we get batteries that are going to be cheap enough to install not only in our country but elsewhere in the world and on the continent as well.

 

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And SAA?

My goodness ANC “ a public good” stolen by your compatriots and effectively destroyed. No SAA , no post office,defunct hospitals , no water distribution ,universities SARS infiltration now Eskom electricity. No wonder intelligentsia emigrated they saw this coming.

All sounds plausible, but brushes over the toxic relationship between ideology and failed regulation in the face of corrupt cadres deployed to sweat assets for revolutionary pocket lining. The asset was destroyed. What Public good?

Blah blah fishpaste

A public good turned into a public bad

Air transportation is necessary because providing air transport is a public good and the state should be involved in the provision of public transport, should have said Public Enterprises Minister Pravin Gordhan

Really…..It took Government since 1994 to know what citizens know since primary school 😳? Daily Maverick, please interview all the historical CEO’s of Eskom Enterprises (EE); established many years ago for the Eskom ‘New Built’ - we may as well deal with all the bad news now.

It's a pity then that they're so publicly bad at delivering this public good...

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