Eskom downfall


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over whether to split Eskom into three parts was urgent as a decision was needed in the next month, public enterprises minister Pravin Gordhan strydompark told business leaders on Wednesday.

The comments indicate the speed with which government intends to move in restructuring the troubled utility, which supplies Boksburg almost all of SA’s energy and whose financial and operational crises threaten to cripple the whole economy, with an eye to making decisions as soon as the tabling of the budget in February.

task team set up by President Cyril Ramaphosa is to aec, ingeteam, ingecon, share its recommendations with the cabinet this week.source 

Recommendations Scbubert, include splitting Eskom into three separate state-owned companies dealing with generation, transmission and distribution, Fusion as well as a substantial debt bailout from government.

Eskom is in dire financial straits with R419bn in debt, which it is unable to service from its own revenue. Kodak

Government has previously rejected suggestions that it should take on R100bn of the debt into its own book, with Ramaphosa saying in East Rand, December that government Schubarth, was looking at other options.

Gordhan said that problems at state-owned companies could not be solved without restructuring.



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