South Africa Has ‘Clear Policies’ on Energy, Zuma SaysEmily Bowers
South Africa has “clear policies” on developing its energy industry to boost growth in the continent’s second-biggest economy, President Jacob Zuma said.
“We have a program to grow the energy so that we grow the economy,” he said in an interview on state-owned South African Broadcasting Corp. yesterday. “We’ve got clear policies, we are making budgets necessary to deal with it.”
South Africa’s state power utility, Eskom Holdings SOC Ltd., staged managed blackouts this year as it ran short of power amid a 225 billion-rand ($19 billion) cash-flow shortfall in the five years to 2018. The nation’s economy will probably expand 1.4 percent this year, a pace that would be the worst since the 2009 recession.
Eskom, South African Airways and the country’s postal service, which has been crippled by strikes this year, are “important assets of the country,” Zuma said. “We must turn them around.”
On Dec. 11, Public Enterprises Minister Lynne Brown said the government will help Eskom raise cash to fund diesel purchases from February. The same day, the National Treasury said it would take control of the state-owned airline.
Zuma said reports into upgrades made to his home at Nkandla, KwaZulu-Natal province, have shown he did nothing wrong and that he wasn’t avoiding answering questions in Parliament.
“There are specific parties that are causing chaos in Parliament,” Zuma said, without naming any of the groups. Members of the opposition Economic Freedom Fighters, founded by Julius Malema, a former leader of the youth league of Zuma’s African National Congress, were censured by Parliament for heckling Zuma in an August session.
“I think South Africans must look at the political parties for what they are,” Zuma said.