Ramaphosa insists Eskom won't be allowed to fail

eNCA's Vuyo Mvoko is standing by with a recap. #Dstv403

JOHANNESBURG - President Cyril Ramaphosa says Eskom will not be allowed to fail.

He says there are plans to restructure the power utility and partner with the private sector.

Eskom is more than R400-billion in debt.

WATCH: Ramaphosa's success depends on cabinet: Madonsela

He was speaking at an investor conference on Wednesday. 

During the conference, Ramaphosa would not be drawn into discussions about those selected to be part of South Africa's sixth parliament.

But, says he's confident that those on the list are people who'll contribute to growing the economy.

eNCA's Vuyo Mvoko has more in the video above.

President Cyril Ramaphosa today participated in an investor conference hosted by the Goldman Sachs Group. #Dstv403

Source
eNCA