Eskom to be broken into three entities
South Africa: Cyril Ramaphosa, the South African President, confirmed that government will start a process of splitting the power utility into three units namely: generation, transmission and distribution.
He said these three separate entities will still fall under Eskom Holdings.
The Organisation Undoing Tax Abuse (OUTA) has welcomed the announcement “but calls on the finance-lending houses to play their part in restructuring the loans and finding solutions to Eskom’s predicament.”
“While this gives us hope for much-needed solutions, the test will be in the implementation of these rather ambitious plans,” OUTA stated.
Source: ESI Africa