Mines thrilled by plans to wrest power monopoly from Eskom

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Mines thrilled by plans to wrest power monopoly from Eskom

Minerals Council hails Ramaphosa’s move to open up power generation outside the embattled utility

AFP

SA’s announcement that it will open up electricity generation to other players, effectively breaking Eskom’s monopoly, has been welcomed by many, especially the mining industry, a key sector in Africa’s most industrialised economy.

President Cyril Ramaphosa, in his State of the Nation address on Thursday outlined steps that will allow firms to generate electricity for their own use.

He admitted power cuts in recent months had had a debilitating effect on the economy, and vowed to “rapidly and significantly” shore up electricity generation outside the debt-saddled Eskom...

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