The South African Ministry of Public Enterprises has issued a statement noting that the government will publish a Special Paper on state-owned power utility Eskom in the next few weeks, which will clearly outline the roadmap to put Eskom on a long-term sustainability path.
According to the Ministry, the paper will reflect the “urgent work that is taking place to identify options to resolve the debt challenge, the process for restructuring Eskom and importantly, to ensure a just transition”.
Since the announcement of the unbundling by President Ramaphosa during his State of Nation Address in February 2019, the key component of restructuring is the separation of Transmission, the statement read.
Since the announcement of this separation, government, in particular, the President and the Minister of Public Enterprises have had initial engagements with unions.
The consultations on the future of Eskom are expected to be ongoing at Eskom management level and government level.
The Eskom Board and Executives management together with Government will lead engagements at various levels.
Source: esi-africa.com
