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 ...

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