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ANA reports that Development Bank of Southern Africa (DBSA) chief executive Patrick Dlamini said on Tuesday that without alternative power generation capacity, unemployment would remain rampant in SA.
Speaking at the 4th annual meeting of the New Development Bank (NDB), Dlamini said: "The policy-makers, they have a decision to make, to make sure that you can be able to enable and sustain the economy by coming up with measures that will ensure that there are other generators of power. Unless you begin to look at that, you going to continue to have unemployment in this country." The DBSA CEO said Eskom was in a bind because of a number of factors - including low economic growth, planning inefficiencies and legislation. "Eskom is a creature of legislation. Our political principals in South Africa, how are they looking at this challenge? Why is it that municipalities and metros are limited in terms of going about generating their own capacity to generate power?" Dlamini asked. The NDB is the multilateral bank set up to benefit projects in the BRICS (Brazil, Russia, India, China and South Africa) bloc of countries.
- Read the full original of the report in the above regard at Independent News
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