- South Africa’s Public Enterprises Minister, Mr Pravin Gordhan, has approved the unbundling of Eskom’s distribution assets into a new state-owned entity.
- South Africa’s president, Cyril Ramaphosa, announced the unbundling of both the transmission and distribution divisions back in February 2019 amidst much fanfare. Read more
- Both divisions have fallen behind in much needed new capacity infrastructure rollout.
In a letter addressed to Eskom Chairman, Mpho Makwana, Gordhan penned his approval which is required under the Public Finance Management Act.
Eskom’s transmission division unbundling has been hampered by parent debt covenants and a lack of funding. Read more
Author: Bryan Groenendaal
