Eskom seeks profit: Cosatu

Business Report 3 December 2012.

Johannesburg – It is clear that Eskom wants to operate like a private company whose main objective is to make more profit, Cosatu said on Monday.

Eskom’s call for the price of electricity to speedily be made cost-reflective was informed by its desire to “completely eliminate government support”, as it said in its Multi-Year Price Determination 2 (MYPD2) application, Congress of SA Trade Unions (Cosatu) spokesman Patrick Craven said.

“It wants to improve its ‘standalone’ credit rating within the MYPD 3 period,” he said…

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