Ramaphosa appoints eight-person panel, including former CEO Brian Dames, to advise on Eskom crisis
According to a statement by the presidency, the committee will issue its report before the end of January 2019
President Cyril Ramaphosa has appointed an eight-person task team to advise government on ways to manage the financial and operational crises at Eskom that have led to the return of load-shedding and threaten the country’s fiscal sustainability. The committee, whose members include former executives Brian Dames and Mick Davies, will also review a turnaround strategy submitted by the board, including “key assumptions, impact on tariffs and industry, and viability of proposed solutions on the future role of Eskom”, the presidency said on its website on Friday. The committee will issue its report before the end of January, according to the statement. The committee has been given a broad mandate that will also assess the “appropriateness of the current Eskom business model and structure”, though there was no specific mention of a proposal that government take over R100bn of the company's debt, nearly a quarter, onto its own balance sheet. That plan has already been rejected by finance m...
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