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Ramaphosa Sees Second Power Company as Route to Energy Stability

Cyril Ramaphosa 

Cyril Ramaphosa 

Photographer: Liesa Johannssen-Koppitz/Bloomberg

South Africa is considering creating a second state-owned power company to compete with Eskom Holdings SOC Ltd., reducing the risk of having a single entity supplying most of the nation’s power supply, President Cyril Ramaphosa said.

“If we look at other countries like China, it has a number of state-owned electricity generating companies that compete amongst themselves to bring prices down,” Ramaphosa said in a speech to a meeting of the South African Communist Party on Friday. “That is a future that we should begin to imagine.”