Business Leadership South Africa (BLSA) has welcomed President Cyril Ramaphosa’s announcements to help solve the country’s power crisis, saying strong regulations need to be imposed to ensure the funds earmarked for energy solutions are properly utilised.

Ramaphosa addressed the nation on Monday night, announcing the establishment of a National Energy Crisis Committee.

Business Leadership South Africa’s Chief Executive Officer (CEO) Busisiwe Mavuso says, “This plan really is a move in the right direction. The one thing that I am concerned about is that if he was talking about increasing the budget for maintenance at Eskom, as we should, but Eskom continues to be the ground bearer for state capture.”

“As we put this plan in motion, we are going to have to make sure that we put control interventions that will ensure that the money that goes into Eskom from the fiscus, is put towards its intended use. I worry that whatever funds are put into Eskom, only a fraction will go towards what it is supposed to do,” adds Mavuso.

For More Information visit: SABCNews