n IMFO : Official Journal of the Institute of Municipal Finance Officers - New proposals require more power and light : moving towards the light




Extracted from text ... IMFO ? Fall 2006 15 By: Shareen Singh Financial Mail, January 27 2006 The ANC government's first attempt at restructuring the R80bn electricity distribution industry dates back to the mid-1990s. Almost 10 years later, and now in its umpteenth draft, the latest restructuring proposal still appears to lack the necessary legislative and political backing to make it work. The restructuring is meant to sort out problems of inefficient electricity delivery, frequent blackouts, unfair tariffs and a dire neglect of infrastructure, mostly by the 180-odd local councils that distribute power alongside Eskom. The initial plan to create six regional electricity ..


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