Following the open public debate on 10 May 2018 on the restructuring of Eskom entitled: “Should Eskom be restructured, and if so how and when?”, we have pleasure in providing a comprehensive record of the debate, including: videos of the presentations; a summary article of the debate; the full slide deck of all presentations at the debate; and its outcomes.
Video (7.53 minutes) of opening remarks
Presented by Chris Yelland, managing director at EE Publishers
Video (9.51 minutes) of Motion 1: No restructuring
Presented by Frans Baleni, deputy chairman of the Development Bank of Southern Africa, and former secretary-general at the National Union of Mineworkers (NUM).
Although needing renewed financial, operational and maintenance discipline, and the rooting out of maladministration and corruption, the current Eskom structure as a vertically integrated SOE is suitable and appropriate for the socio-economic and developmental needs of South Africa.
Video (14.05 minutes) of Motion 2: Light restructuring
Presented by Nelisiwe Magubane, nonexecutive director of Eskom and former director-general at the Department of Energy
While maintaining the current structure as a vertically integrated utility, increased public participation in the business of Eskom through additional public and/or strategic equity partners is needed to recapitalise the business and introduce enhanced accountability and transparency.
Video (12.06 minutes) of Motion 3: Deep restructuring
Presented by Dr Grové Steyn, a leading infrastructure and regulatory economist, and director at Meridian Economics.
The business model of Eskom, and indeed the whole electricity supply industry in South Africa needs to be fundamentally restructured to make it fit-for-purpose to face the challenges of future electricity supply and disruptive technologies, generally along the lines proposed in the Government White Paper on Energy Policy of 1998.
The debate should be seen as an exercise in open, transparent, participatory democracy on a subject of deep interest and concern within Government, the DoE, DPE, Eskom, the financial and business communities, the energy sector, the electricity supply industry, commerce, industry, civil society and the general public.
The audience comprised a broad range of participants in the public and private sectors, including government, Eskom, municipal distributors, the financial and business communities, the energy sector, the electricity supply industry, commerce, industry, civil society and the general public.
We hope that the powers that be within the Eskom Board, DPE, DoE and Cabinet have listened closely to the arguments presented at the debate, as well as the outcome and overwhelming consensus on the need for deep restructuring, not only of Eskom, but of the whole electricity supply industry.
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Source: EE plublishers