Government To Consult Labour Unions Over Eskom Unbundling

Eskom is broke, that is according to the Department of Public Enterprises. PICTURE: M&G

JOHANNESBURG: Public Enterprise Minister Pravin Gordhan will meet with Eskom’s board as a priority, to map a way forward for the entity. 

The meeting between Gordhan and the Board is necessitated by the announcement by President Cyril Ramaphosa on Thursday in the State of the Nation Address (SONA) that Eskom would be split into three entities – generation, transmission, and distribution.

All three companies will fall under Eskom Holdings. 

According to a statement issued by the department of public enterprises (DPE) on Friday evening, apart from meeting with the board, a public consultation process with stakeholders, particularly organised labour, will also start “as soon as possible”.

“Given the importance of Eskom to the economy, it is crucial that all stakeholders – including market analysts – allow the respective organs of government to work through the institutional processes that will unfold between now and 20 February 2019, (and beyond) when the Budget is presented to Parliament,” the statement read.

The DPE, National Treasury and the Presidency will work with the Eskom board which has been tasked with implementing the new Eskom structure and business model.