Ramaphosa reveals plan to introduce another state-owned energy supplier
President Cyril Ramaphosa says they will announce interventions soon to bring new electricity onto the national grid.
There's been load shedding daily over the last few weeks as the embattled Eskom continues to struggle to keep the lights on.
Ramaphosa says the power utility has been operating as a monopoly for the past century - but is no longer suited for the current technology and economy.
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"This model that we have pursued has worked, but we are today witnessing the great risks associated with placing sole responsibility for electricity generation in one company.
"That is why when comrade Gwede (Mantashe) flighted the idea saying why not a second one - which can be owned by the government, and I said I think that is not a bad idea."
Ramaphosa was addressing the SACP conference in Boksburg on Friday.
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