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Cyril Ramaphosa

S.Africa's Eskom to spin off transmission business by end-2021: CEO
Business & Finance

S.Africa's Eskom to spin off transmission business by end-2021: CEO

  • Eskom has debt net debt of between 460 billion and 485 billion rand ($34 billion), and is likely to record another "substantial loss" in 2021, de Ruyter said in a live address on YouTube.
  • Why do we prioritise transmission? It's to enable us to demonstrate to private investors, in generation in particular, that their bids will be fairly adjudicated compared to legacy Eskom generation.
Published 15 Feb, 2021 08:49pm