×

We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

The task team set up by President Cyril Ramaphosa to resolve Eskom's problems is pushing the utility to meet tight deadlines for its unbundling while it grapples with deep-seated operational issues. Thuto Shomang, the acting director-general of the department of public enterprises, said on Friday at an Absa post-budget breakfast that Eskom had been working on its own restructuring plan since Phakamani Hadebe's appointment as CEO in May last year. This plan had already proposed a functional unbundling in two years and a three- to five-year period for a legal unbundling. But the sustainability task team appointed by the president in December last year has pushed for earlier timelines. The Budget Review this week made specific mention of separating out transmission as a subsidiary within four months and bringing in strategic equity partners. But Shomang said it would be difficult to take definitive steps around equity investors for Eskom now. "The thing is we first need to improve the ...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.