- President Ramaphosa established a panel to address governance failures in South Africa.
- Ramaphosa has set deadlines for the Eskom restructuring plan, which involves the unbundling of the company to create a Transmission System Operator (TSO).
Ramaphosa has taken concrete steps to restructure Eskom, including setting up a task force and issuing an RFP.
2 reports, 2 independent
Updated Sep 10
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What happened
Ramaphosa has taken concrete steps to restructure Eskom, including setting up a task force and issuing an RFP.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- President Ramaphosa supports the restructuring of Eskom assets, while the Development Bank of Southern Africa provides financial advice to the National Treasury.Sub-event
Ramaphosa established an ERTT and issued an RFP to drive Eskom's restructuring.1 source
Keep exploring
Part of
Ramaphosa has set deadlines for the Eskom restructuring plan, which involves the unbundling of the company to create a Transmission System Operator (TSO).Also in this story
- Ramaphosa approved the first phase of Eskom's restructuring, while NUM monitors the company's fate regarding privatization.
- Ramaphosa endorsed a plan to remove the operator from Eskom, South Africa's electricity utility.
- In 2018, Ramaphosa and National Treasury committed to stabilizing state-owned enterprises and assisting them with turnaround plans.
- A new agency has been established to mirror and address Eskom's operational risks.
Within President Ramaphosa established a panel to address governance failures in South Africa.
The entities involved
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Cyril Ramaphosa
President of South Africa since 2018
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Eskom
electricity utility in South Africa
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National Treasury
treasury of South Africa
Related events
- Eskom is identified as the state power utility of South Africa, and Mail & Guardian is noted as a major South African daily.
- President Ramaphosa outlined requirements for the national economy, highlighting Eskom's central role in the country's electricity system.
- Eskom, a state-owned enterprise, is facing a court ruling that has set aside the Public Procurement Act.
- The National Treasury and African Development Bank are supporting the modernization of Transnet's Durban Container Terminal in South Africa.
- The World Bank lent money to Eskom for the Medupi project, while Eskom produces 80% of South Africa's electricity.