Cosatu has commended Eskom and the government for the utility’s remarkable turnaround, noting the state-owned company’s first profit in eight years and improved power stability.
Cosatu spokesperson Matthew Parks said this progress provides a welcome boost to the economy after years of crippling load-shedding.
However, Parks warned that Eskom remains vulnerable due to R95-billion in municipal debt, cable theft, corruption, and illegal electricity connections.
He urged urgent interventions to ensure the utility’s long-term sustainability and to protect jobs.
“Key interventions need to include ensuring that all consumers are moved to prepaid electricity, ensuring that indigent households receive their free electricity allocation, revamping Treasury’s debt relief package for municipalities owing Eskom, and immediate interventions needed from government to enable industrial sectors to avoid further smelter and other company closures,” Parks said.
Cosatu emphasized that while the recent turnaround is positive, structural challenges must be addressed to prevent recurring power crises and safeguard the country’s economy.
VOC News
Photo: Eskom/X
