President Cyril Ramaphosa has told the Goldman Sachs Investor Conference in Johannesburg, on Wednesday, that Eskom is over-staffed. He says the lack of proper management has resulted in the ballooning of staff at the utility.
Addressing over 200 business representatives at the conference, Ramaphosa says government will have engage with labour unions.
He further states that Eskom was not going to be privatised, but that there was a willingness to partner with the private sector in running its various operations.
On the land issue, President Ramaphosa reassured investors that they need not worry about the process as it would all be done within the rule of law.
“We want to make our economy more attractive investors… through ensuring policy certainty and implementing the necessary reforms…” President @CyrilRamaphosa, Goldman Sachs Investor Conference, Johannesburg. #InvestSA pic.twitter.com/x3nXh04474
— PresidencyZA (@PresidencyZA) May 15, 2019
The President says a more capable and configured cabinet will be announced soon.
“The key problem that we face as a country is low economic growth. The structure that we have of government is going to speak to that and the coordination will also be seeking to address that and we will be seeking to get men and women who have grate competent, great capabilities to serve the needs of the people of SA. I don’t want to hear any excuses from anyone and if you don’t move out of the way and we will get people who can,” adds Ramaphosa.
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