In an attempt to stabilise Eskom, President Cyril Ramaphosa announced in 2018 that the power utility would be split into three parts.
JOHANNESBURG - Minister of Public Enterprises Pravin Gordhan says unbundling Eskom is still on the cards, and it’s not aware that outgoing Absa CEO Maria Ramos is being considered to oversee the process.
In March, Eskom was forced to turn to the government for an emergency bailout after failing to secure an R7 billion loan from the China Development Bank. Gordhan’s spokesperson Adrian Lackay wouldn’t be drawn on the speculation and said the focus was to stabilise Eskom.
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