Electricity
Electricity

Members of two largest unions at power utility Eskom on Wednesday picketed against unbundling of the company which they said might lead to retrenchments and privatization.

“We are concerned the restructuring at Eskom would result in our members being retrenched in huge numbers. The memorandum we are handing includes the possible privatization of the company,” said National Union of Mineworkers (Num) spokesman Livhuwani Mammburu.

“There’s a possibility of a national strike to defend Eskom against unbundling and privatization. Privatization of Eskom will mean electricity will become more expensive and inaccessible to members of the working class,” National Union of Metalworkers of South Africa (Numsa)’s Phakamile Hlubi-Majola said.

The company’s ageing infrastructure has been blamed for the frequent power cuts lately. Some of the power stations are over 40 years while the new one’s are being fixed.

President Cyril Ramaphosa announced Eskom’s restructuring or unbundling last year aimed at mitigating some of the serious problems the company is faced with including 450 billion rand debt (about 31.3 billion U.S. dollars).

It is set to be restructured into three separate business entities focusing on generation, transmissions and distribution. Enditem

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