▶ Transnet and Eskom; low public investment in networked
infrastructure. Transnet and Eskom (loadshedding) are the two
biggest constraints to economic activity. Water infrastructure is
a close third. We will ensure that both entities have boards and
management with the requisite experience and expertise in
turning around large industrial companies in crisis. Their installation
will be accompanied by public and private capital injection within
a clear framework of national legislation and rules of governance
(see Governance section in relation to SOCs) to protect the public
interest. In both companies, the next priority is to review all major
contracts for price gouging, eliminate corrupt officials and reform
their procurement systems. Once this is done, the government
will deploy a reformed law enforcement capacity free of political
interference to detect, apprehend and prosecute those who
sabotage their infrastructure for financial gain.
• To reduce pressure on the grid and create new economic
opportunities, we will use international climate change
transition financial instruments to develop a local solar
production and installation industry, helping households
and small- to medium-sized businesses reduce their reliance
on fossil fuels. The majority of existing households and
businesses will be powered in this way within five years.
• We will invest in the repair of major water and flood
management infrastructure, and the development of new
infrastructure to basic service delivery and enable new
commercial investments in major industries.
We will work with economic stakeholders across society to build
a growing, inclusive, globally competitive economy.
The People’s Manifesto Booklet - 20 January 2024
34
FOR THE PEOPLE
BY THE PEOPLE