06 August 2014
In South Africa, the government has ruled out privatising state-run electricity supplier Eskom to solve the utility’s funding shortfall of ZAR225 billion (US$21 billion), Bloomberg reports.
Public enterprises minister Lynne Brown said in a statement that “it would be a grave mistake to privatise this critical player in the economy.
She added: “To my knowledge, Cabinet has not discussed the matter of privatisation, and there is no need to unnecessary raise temperatures around this matter.” Read more…
SA says no Eskom privatisation despite US$21m debt