African National Congress (ANC) alliance partner the South African Communist Party (SACP) says it wants State Owned Entities (SOEs) to be recapitalised instead of being sold to the private sector. ANCPolicyConference
The government wants some troublesome SOEs to be partially sold off as they have become a massive strain on government funds.
“When the people have no electricity, they don’t call corporations, they call government. So we need to take full responsibility. Recapitalise Eskom in a manner we can discuss with society. So [that] we are accountable for the actions we have taken ourselves. Because we still believe [that] these issues … will still require engagements post this policy conference within the framework of the alliance,” adds Mapaila.
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