Gordhan gives Eskom the go-ahead to split off distribution arm | Business

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Public Enterprises Minister Pravin Gordhan has approved the sale of Eskom's distribution assets to a new state-owned company. | News24_Business

The minister gave his stamp of approval for the deal to go ahead in a letter to Eskom chairperson Mpho Makwana.

While Ramaphosa said that the government would immediately embark on the process of establishing the three separate entities, the split has been dragged out for the past four years. Last month, SA's energy regulator"This is a milestone decision by the energy regulator and will immensely contribute in Eskom’s unbundling trajectory," said Thembani Bukula, chair of the National Energy Regulator of SA .

 

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