Maimane: Current Energy Bill turning potential investors away

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According to DA leader Mmusi Maimane, Eskom is also stifling innovation and progress.

CAPE TOWN - Democratic Alliance leader Mmusi Maimane says the current legislative framework around energy is suppressing competition in the sector.The DA is targeting the country’s energy crisis ahead of the May elections.

“The great difficulty is the fact that the legislative process doesn’t make it a worthwhile investment because with this current law, if you don’t pass a cheaper Energy Bill, what you are going to end up saying to the people is that it is better to take a company and let it sell energy to Eskom, which doesn’t make it compatible.”“I’d want for South African companies, obviously, to be at the forefront of that. Technology has made us a global society.

 

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