'Eskom wont be privatised, but strategic private players will be brought in'

National Treasury director-general (DG) Dondo Mogajane says Treasury will engage with different rating agencies after the 2019 budget.

READ: Is this a stabilisation or a growth budget? Treasury DG weighs in

Finance Minister Tito Mboweni delivered his maiden and final budget speech in the fifth Parliament on Wednesday.

We have to believe our own story that it is strong and solid and based on some thorough thinking as to what exactly is affecting us and how best we can address it.

Dondo Mogajane, Director-general (DG) - National Treasury

Mogajane explains why in his budget, the minister said there will be no privatisation of Eskom but at the same time, he said South Africa needs equity partners.

The generation space at Eskom for instance, It has to be divided into three units. In the generation space you already have independent power producers. These are private sector players who are playing in the generation space.

Dondo Mogajane, Director-general (DG) - National Treasury

When you look at distribution, municipalities and Eskom are already instructing private players to sell electricity on their behalf.

Dondo Mogajane, Director-general (DG) - National Treasury

We need to be clear that private sector participation and strategic equity partnership is essentially privatisation.

Dondo Mogajane, Director-general (DG) - National Treasury

The president has made it clear in the Sona that we are not going to privatise Eskom but strategically bring private sector players.

Dondo Mogajane, Director-general (DG) - National Treasury

Listen below to the full interview:


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