Business Day·4 min read·hard
Eskom loses assets fight as Ramaphosa backs split
K
Kabelo Khumalo
✦AI Summary
President Cyril Ramaphosa has confirmed the unbundling of Eskom, moving transmission assets to an independent company to foster a competitive electricity market. This decision follows months of internal debate regarding the utility's financial viability.
President Cyril Ramaphosa has sought to allay fears that stripping Eskom of its transmission assets as part of the unbundling process first mooted six years ago will leave the utility in a far worse financial position — with municipal debt the next litmus test for a successful unbundling.
businesseconomypolitics
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