PRESIDENT Cyril Ramaphosa has appointed an Eskom Sustainability Task Team to advise government on actions to resolve Eskom’s operational, structural and financial challenges. This comes just after the power utility announced that there will be no loadshedding this Christmas period.
Read here: De’light’ful Christmas as Eskom suspends loadshedding
The high-level task team is expected to review the turnaround strategy submitted by the Eskom Board of Directors.
“This will include a review of key assumptions, impact on tariffs and industry, and viability of proposed solutions on the future role of Eskom. It will also assess the appropriateness of the current Eskom business model and structure,” said the president’s spokesperson Khusela Diko in a statement.
She went on to say: “Appreciating the urgency of the matter, the President has requested the task team to submit initial recommendations by the end of January 2019.”
Eskom’s Board of Directors, Management and the Department of Public Enterprises is expected to work with the task team.
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