Delegates to the ANC's national policy conference have mooted that Eskom and other state-owned companies should be rehoused in their line departments, rather than under the umbrella of the Department of Public Enterprises. | Fin24
Ramaphosa's load shedding plan was endorsed, but delegates want Eskom"strengthened".
If adopted at the ANC's national conference in December, Eskom would be moved to the Department of Mineral Resources and Energy. A broader mandate for the SA Reserve Bank than its core function of targeting inflation has been perennially discussed at ANC conferences, but was not expected to be raised as a major issue this time.
Kubayi said the proposal on the Reserve Bank was not to"tamper with the mandate in the Constitution" but to do research to establish whether the bank could play a broader role over and above inflation targeting. She said the ETC had explained to delegates that buying out the private shareholders was not a simple matter, as it depended on the price at which they would sell.
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