Pravin Gordhan looks on ahead of the swearing-in ceremony of new cabinet ministers, in Pretoria, South Africa, May 30, 2019. REUTERS/Siphiwe Sibeko

Home » South Africa Aims to Complete Eskom Split Around 2022

South Africa Aims to Complete Eskom Split Around 2022

South Africa aims to complete the legal separation of loss-making state power utility Eskom into three units – generation, transmission and distribution – by around 2022, a government plan showed on Tuesday. President Cyril Ramaphosa said in a state of the nation address in February that the government planned to split up Eskom, but there has been little […]

By Reuters
29-10-19 17:08
in Business
Pravin Gordhan looks on ahead of the swearing-in ceremony of new cabinet ministers, in Pretoria, South Africa, May 30, 2019. REUTERS/Siphiwe Sibeko

South Africa aims to complete the legal separation of loss-making state power utility Eskom into three units – generation, transmission and distribution – by around 2022, a government plan showed on Tuesday.

Pravin Gordhan looks on ahead of the swearing-in ceremony of new cabinet ministers, in Pretoria, South Africa, May 30, 2019. REUTERS/Siphiwe Sibeko

President Cyril Ramaphosa said in a state of the nation address in February that the government planned to split up Eskom, but there has been little detail about the timeframe.

Public Enterprises Minister Pravin Gordhan told a news conference presenting the Eskom plan on Tuesday that the government was looking at various mechanisms to provide Eskom with additional debt relief.

(Reporting by Alexander Winning)