The Black Business Council says that it is ‘of the considered view that Eskom and the security of energy supply are the biggest risks for the achievement of the Economic Reconstruction and Recovery Plan (ERRP) and sustainable investments.’
In a statement last week, it said that ongoing loadshedding under Mr André de Ruyter was ‘unacceptable’ in view of South Africa’s existing difficulties, and its struggle to recover from the damage inflicted by the Covid-19 pandemic.
The Council’s CEO, Kganki Matabane, commented: ‘Until and unless our government, as shareholders, takes the drastic steps to remove the incompetent management and inadequate Board of Eskom, who have time to come with laughable excuses such as continuously blaming state capture instead of solving the electricity generation challenges, the country must forget about any prospect of economic recovery.’
Matabane called on President Ramaphosa to take urgent action, unless he was willing to be ‘remembered as the President who brought our economy to its knees.’
The Council reiterated its call for De Ruyter and the board to depart Eskom.