Pravin Gordhan

Eskom’s unbundling into three units will go ahead as planned. Public Enterprises Minister Pravin Gordhan said a final plan for the split is progressing well. The plan has been criticised because of its delayed implementation.

“Good progress has been made in relation to working out a road map to implement the proposals in the February 2019 Sona to separate generation, transmission and distribution functions into three separate business entities wholly owned by the state. There is no deviation from this strategic path,” said Gordhan.

multi-billion rand loan

In his State of the Nation Address last week, President Cyril Ramaphosa admitted that Eskom’s financial position was of “grave concern. Ramaphosa announced that the power utility will receive a further bailout.

You might also like…Bring back our mayor says Zandile Gumede’s supporters

Embattled eThekwini Mayor Zandile Gumede’s supporters are back at the ANC’s provincial office fighting for her to be reinstated as the city’s mayor.Zandile Gumede

Gumede’s supporters are also opposing the new regional task team in eThekwini. The Durban mayor has been suspended for 30 days as she is charged with corruption…Read more here

Source: eNCA

Loading...