On electricity, Creamer said there was support for the interventions the government had announced to end load-shedding as soon as possible.
“There was also a concern in the implementing that the state-owned entity of Eskom must not be weakened but must be strengthened ...”
On the Reserve Bank, Creamer explained there was no question of comprising the central bank's independence but rather a concern regarding the historical anomaly.
“That unlike most of the other companies, the SA Reserve Bank has been private shareholders and there is a view that that might compromise the way the bank is perceived by ordinary South Africans when its meant to be a state-owned bank.”
In the long run, Creamer said, it would be better to secure the bank's independence “but given the number of priorities that we have in this country, that was not seen as the number one priority”.
He added: “It’s a question of timing and dealing with the modalities regarding that speculators are not using the state ownership of the central bank to benefit unduly from that process.”
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