The plans to fix Eskom are making me nervous. In our quest to sort out the crisis at the state-owned energy supplier we might just end up destroying it. A major confrontation is brewing within the governing alliance over the state’s plan to break the utility into three subsidiaries — generation, transmission and distribution — under a holding company. Everyone agrees Eskom is in a mess. That’s the end of the agreement. President Cyril Ramaphosa announced the unbundling plan as a key part of the solution. Quite rightly, he said there is no silver bullet to sort out the crisis. His finance minister, Tito Mboweni, has given Eskom almost R69bn over the next three years. Mboweni has also said he and his public enterprises colleague, Pravin Gordhan, will be appointing a chief restructuring officer to oversee the unbundling process. Gordhan has committed to thorough consultation with social partners — a key meeting is taking place at Nedlac next week. The current board and executive also h...

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