'The government needs to make the energy field open to competition'

According to The City Press, U.S. engineering consulting firm Black and Veatch is responsible for delivering shoddy work at Eskom's Kusile Power Station in Mpumalanga.

Despite this, Eskom is still paying the company hundreds of millions of rands.

Read: Matshela Koko says 'Eskom is in big, big trouble'

Researcher at the Free Market Foundation Chris Hattingh says it shouldn't come as a surprise that all these revelations about Eskom are coming out.

We know how lucrative it can be to be involved in the whole distribution and power generation process of Eskom. It is clear that we are not going to get a buyer for Eskom, so the talk of privatisation might not even go anywhere.

Chris Hattingh, Researcher - Free Market Foundation

I think at the very least the government needs to make the energy field open to competition. We need Independent Power Producers to come in and generate electricity and distribute it to citizens.

Chris Hattingh, Researcher - Free Market Foundation

Because right now, Eskom has the monopoly and no matter how well or how badly they do, South Africans are affected.

Chris Hattingh, Researcher - Free Market Foundation

He adds that at this stage and with all of Eskom's debt if the country doesn't move to Independent Power Producers, the job losses for the country will be astronomical.

Listen below to the full interview:


Recommended

by NEWSROOM AI
Read More
Zondo witness claims Koko gave substandard coal from Gupta-owned mine the nod

Zondo witness claims Koko gave substandard coal from Gupta-owned mine the nod

Eskom official Gert Opperman delivers testimony at the Zondo Commission of Inquiry into State Capture.

[LISTEN] Matshela Koko says 'Eskom is in big, big trouble'

[LISTEN] Matshela Koko says 'Eskom is in big, big trouble'

Former Eskom chief Matshela Koko in conversation with Eusebius McKaiser.

State capture inquiry: Opperman admits Eskom, Tegeta deal was ‘fishy’

State capture inquiry: Opperman admits Eskom, Tegeta deal was ‘fishy’

The payment was made even though the Gupta company had not provided any services to the power utility.

State capture inquiry continues with testimony from Eskom officials

State capture inquiry continues with testimony from Eskom officials

The state capture inquiry resumed on Friday morning with more testimony from the utility's officials.

[WATCH] Yes Eskom has to hike prices to pay its debt, but we're angry, says John

[WATCH] Yes Eskom has to hike prices to pay its debt, but we're angry, says John

'People react with anger! You're asking me to pay more for electricity when you took your eye off the ball?' says John Maytham.

Many municipalities are paying Eskom accounts - Salga

Many municipalities are paying Eskom accounts - Salga

Head of electricity and energy at Salga, Nhlanhla Ngidi says not all municipalities owe Eskom money.

Busa hopes timeframe set for Eskom's engineering task team will be extended

Busa hopes timeframe set for Eskom's engineering task team will be extended

The team is set to start its work on Monday and has to deliver within a month.

Eish-kom! Cost of electricity to increase by almost 10%

Eish-kom! Cost of electricity to increase by almost 10%

'South Africans need to focus on what they can control which is saving the electricity' says Wendy Knowler.

No load shedding likely today says Eskom, but risk remains high for the week

No load shedding likely today says Eskom, but risk remains high for the week

Eskom COO, Jan Oberholzer explains the latest warning of possible load shedding.

DPE's Lackay says industry experts have 'put up their hands' to help fix Eskom

DPE's Lackay says industry experts have 'put up their hands' to help fix Eskom

Adrian Lackay talks about the special 11-person technical team set up this week to drag Eskom back from the brink of collapse.

EWN Exclusive: Eskom staffer reveals his role in illegal electricity hook-ups

EWN Exclusive: Eskom staffer reveals his role in illegal electricity hook-ups

An EWN interview reveals how Eskom staff are illegally connecting electricity for people disconnected due to non-payments.

City of Cape Town wants municipalities to buy electricity directly from IPPs

City of Cape Town wants municipalities to buy electricity directly from IPPs

MMC for Energy and Climate, City of Cape Town Phindile Maxiti says it is challenging the status quo and so went to court.

Why do IPPs get such a bad rap in SA? An energy specialist explains

Why do IPPs get such a bad rap in SA? An energy specialist explains

Government began the IPP programme primarily because the state doesn't have money to invest in the expansion energy generation.

Eish-kom! What's the plan, President?

Eish-kom! What's the plan, President?

Unpacking the President's vision for unbundling Eskom with Khusela Diko, spokesperson to the Presidency.

[LISTEN] Sanco condemns Malema's state capture utterances against Motsepe

[LISTEN] Sanco condemns Malema's state capture utterances against Motsepe

Malema has accused businessman and President Cyril Ramaphosa's brother-in-law, Patrice Motsepe of leading another state capture.

Popular articles
Zuma's permanent stay of prosecution bid puts NPA on trial, says Karyn Maughan

Zuma's permanent stay of prosecution bid puts NPA on trial, says Karyn Maughan

Reporter Karyn Maughan shares latest in Jacob Zuma's high court bid to have corruption charges against him permanently dropped.

Best way to invest the jackpot if you win the lotto

Best way to invest the jackpot if you win the lotto

More than 70% of lotto winners go broke, warns Warren Ingram, a personal financial advisor at Galileo Capital.

South Africa can have cheap electricity, forever! – former Eskom engineer

South Africa can have cheap electricity, forever! – former Eskom engineer

The Money Show’s Bruce Whitfield interviews Dr Tobias Bischof-Niemz, CEO at ENERTRAG South Africa.

Meet Sandile Shabalala, CEO of black-owned and controlled TymeBank

Meet Sandile Shabalala, CEO of black-owned and controlled TymeBank

TymeBank has no branches and no monthly fees. Most transactions are free. Bruce Whitfield interviews its CEO.

Survey reveals SA teachers 'emotionally overwhelmed'

Survey reveals SA teachers 'emotionally overwhelmed'

A report has revealed that many teachers feel overwhelmed and often feel they must step into the role of a 'proxy parent'.