The current South African government cannot be regarded as a weak state, but rather one which is dysfunctional. Control over the manner in which resources are allocated (a primary governmental function) has shifted from the purview of elected officials to the realms of outside agents who are usually driven by capital interests. The following discussion will highlight the manner in which, like many other SOE’s, Eskom has fallen victim to a weakened state apparatus which is incapable of shielding core government institutions from the influence of malevolent business interests. This enquiry will suggest that the erosion of the state’s political mandate has led to the re-monopolization of the South African energy sector. Concluding with highlighting the importance of State Owned Enterprise in an economy and putting forward suggestions which can mitigate future occurrences such as the one we face.
presented by Bongi Maseko