Deputy President David Mabuza says the high debt and liquidity problems that Eskom is facing warrant extraordinary intervention.

He was delivering a keynote address at the 25th Annual National Summit of National Economic Development and Labour Council (Nedlac), which will result in the signing of a social compact agreement to support the stability of Eskom.

The video below is a discussion on Nedlac’s role on the country’s economy:

Mabuza says the government is fully behind the management of Eskom.

He says the agreement sets out steps that government, business and labour should commit to in supporting Eskom.

“Compromise and trade-offs are central and not the pursuit of a zero sum game where no one comes out a winner. Communication is a key tool to employ to get a buy-in from communities. Hence part of the Eskom social compact is about the revival of the campaign to encourage people to pay for basic municipal services,” explains Mabuza.

Below is Deputy President David Mabuza’s keynote address: