Eskom will be unbundled, says 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. Courtesy #DStv403

JOHANNESBURG - 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.

WATCH: Unions up in arms over Eskom unbundling

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.

READ: Ramaphosa says Eskom is in 'crisis'

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.

Source
eNCA