Eskom, described by Goldman Sachs as the biggest threat to the South African economy, has become mired in over R480bn debt. With the majority of its bonds being government guaranteed, the state is obliged to step in when Eskom anticipates payment pressure
Read more about S.Africa s Eskom to spin off transmission business by end-2021: CEO on Business Standard. President Cyril Ramaphosa announced a plan to divide the cash-strapped utility into three units in 2019, but the process has stalled and nationwide blackouts have continued
State power firm Eskom aims to complete the legal separation of its transmission unit by the end of 2021, its Chief Executive Andre de Ruyter said on Monday, with the generation and distribution units following in 2022.