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

  • 📰 News24
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 80%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

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 .

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines