For more than a year, in order to secure ongoing funding,
there has been an urgent need to provide the local and global financial
communities with assurances that there is a credible Eskom recovery plan in
place that is supported by government and the treasury.
To this end, Eskom presented a long-awaited turnaround plan and
new business model to its board, its shareholder representative, public enterprises
minister Pravin Gordhan, and the Cabinet, at the end of November 2018.
At a media briefing on the state of the power system in early
December 2018, Eskom CFO Calib Cassim advised that Eskoms plan was to ring-fence
the three main business areas of Eskom generation, transmission and
distribution for accounting purposes.
This was to gain …
Read the full article at: https://www.fin24.com/Opinion/chris-yelland-managing-hopes-and-fears-around-restructuring-eskom-20190205-2