Eskom

President Cyril Ramaphosa has stood firm on plans to restructure power utility Eskom, despite mounting opposition from organised labour. Speaking at a summit on Thursday, Ramaphosa said the move, including the creation of an independent state-owned transmission entity (TSO), is aimed at attracting investment and transforming South Africa’s energy sector. The proposal, first outlined during the State of the Nation Address, has drawn sharp criticism from labour unions, including COSATU […]

President Cyril Ramaphosa is facing mounting pressure from various labour organisations following his announcement of the establishment of an independent Transmission System Operator (TSO) as part of Eskom’s restructuring. During the State of the Nation Address, Ramaphosa confirmed plans to create a fully independent state-owned transmission entity that will own and control the country’s electricity grid and oversee the operation of the power market. The broader unbundling strategy will see […]