Government is fully committed to the implementation of the Eskom roadmap and the state retaining 100% control of the three separate entities – Generation, Transmission and Distribution, said the Department of Public Enterprises (DPE).
“The DPE is hereby correcting the misinterpretation and impish propaganda arising from a technical letter sent to the Eskom Board,” it said in a statement on Thursday.
The department reminded citizens that the intention to restructure Eskom was first pronounced by President Cyril Ramaphosa’s 2019 State of the Nation Address (SONA) when he mandated the process to transform the structure of the electricity industry to better serve the needs of the country.
The President announced the process of establishing three separate entities – Generation, Transmission and Distribution – under Eskom Holdings.
“The implementation of the Eskom roadmap and current legislation before Parliament will result in a restructured electricity industry.”
Globally, the energy sector is rapidly changing due to modern technologies, transforming customer behaviours and climate change policies.
“Eskom’s current structure is no longer suitable to meet the country’s energy needs.”
According to the department, Eskom Holdings currently owns all Generation, Transmission and Distribution assets, of which these assets belong to the state.
“The reform of Eskom requires the ‘restructuring of Eskom’. This means establishing three separate companies housing Generation, Transmission and Distribution businesses – 100% owned by the state,” the statement read.
“To implement the above, corresponding assets need to be transferred from Eskom Holdings to each of the recent companies.”
The department said this requires approval in terms of the Public Finance Management Act (PFMA) Section 54 (2), (c) and (d).
In terms of this section, the department said the agree of both Ministers of Finance and Public Enterprises is required for the transfer of these assets into the newly established distribution company.
“The letter to the Board contains the agree of the Minister of Public Enterprises for the transfer of assets from the holding company to the newly established distribution company. Further work still needs to be done and agreed upon in relation to the business and the financial model of the newly established distribution company.”
The department believes that the restructuring process is a crucial section of ensuring energy security in the future for all South Africans.
“The DPE and government are fully committed to the implementation of the roadmap and to retaining 100% control of these entities.
“The public needs to be mindful that there are many vested interests who seem to be intent on undermining energy security and the restructuring process – both of which will be disadvantaging 60 million people.
“This is through misinformation and cautious distortions aimed at undermining public confidence in the process. This is not in South Africa’s interest,” it said. – SAnews.gov.za
midnight bat
Van is getting married, but he and his fiancee have never done the deed – in fact he\’s never been with any woman before. He\’s getting more and more nervous as the big day approaches, so he confides in his friend. His friend says \’No worries man. I\’ll come by the honeymoon suite before you guys get there, and I\’ll hide behind the curtain, and I\’ll whisper instructions to you.\’
\’You\’d do that for me?\’
\’Sure thing man!\’
So the wedding day arrives, it was a lovely service (so I was told, I wasn\’t there myself) and Van\’s friend sneaks into the honeymoon suite as promised and hides behind the curtain.
Van and his new wife arrive in the room, get settled on the bed, and things are getting steamy.
But Van is still super nervous and his tummy is bubbling, so he murmers to his wife, \’Listen babe, I\’m just gonna go to the bathroom quick. I think it\’s that wors roll from earlier.\’
\’Sure thing babe.\’
So Van goes into the bathroom, and he\’s taking quite a long time. And his wife is starting to feel the nerves herself. And it\’s getting worse. She can\’t hold it in. But she doesn\’t want to go after he\’s gone and totally ruin the mood. So she looks around and finally finds a shoebox. Quickly, she does her business in the shoebox, and she shoves it under the bed just as Van comes back from the loo.
Van gets back on the bed and they go at it again. But after a minute or so Van smells something not so lekker.
\’What\’s that smell?\’
\’Nothing babe,\’ he wife tries to assure him.
\’No man there\’s definitely something not so lekker in this room!\’VSo Van starts looking around the room, in the corners, in the cupboard, and finally he looks under the bed, and sees the shoebox.
He pull it out, and opens it up, and in horror he shouts \’Sies! Daar\’s kak in hierdie doos!\’
And from behind the curtain his friend yells, \’NEE MAN, DRAAI HAAR OM!\”
Palomino Cake
Canada: You have two cows. But who cares about beef when you\’ve got Poutine.