Peter Attard Montalto, head of capital markets at Intellidex, joined eNCA to discuss Eskom’s stage 6 power cuts and the skills shortage at South Africa’s parastatals.

“Well, there is a huge need for skills at a station management and one or two levels below within Eskom where there has been a huge flight of skills. People have left to move overseas particularly moving to power systems in Asia and elsewhere. But there is a real tension here around hiring these skills. Eskom of course at net is trying to offload employees more in central office functions. The removal of the headcount is also probably going to be a condition to get bailout that comes in the budget in February,” says Peter Attard Montalto.

Watch the interview below to hear what Peter has to say.