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Presidential Economic Advisory Council Under the Spotlight

October 10, 2019

The Presidency

10 October 2019

The paper setting out Eskom’s future will be tabled in cabinet for approval soon.

President Ramaphosa confirmed this in a statement following the first meeting of the Presidential Economic Advisory Council in Cape Town.

The president highlighted the importance of the paper.

“This is a very important exercise, because it consolidates all the work by Eskom’s board and management, government departments and the various task teams advising government to turn around our electricity entity and to reform energy markets,” he said.

The paper will also “enrich the process to bring Eskom to financial and operational stability by creating a reference point for implementation”.

It will provide clear signals to the market of the “nature and contours of our reform process”.

Other developments in the pipeline include the imminent appointment of the Investment Advisory Council and the SOE Council, the release of the Integrated Resource Plan following discussions in cabinet, the development of various Industrial Strategy Masterplans within sectors, the development of an integrated and comprehensive youth employment strategy, the formulation of an Ease of Doing Business Roadmap and the formation of the Infrastructure Fund.

The president indicated that progress on these initiatives will be provided at the South Africa Investment Conference to be held in November 2019.