South Africa is preparing to appoint financial advisers to lead negotiations with lenders regarding the spin-off of Eskom’s transmission subsidiary, according to Raphi Rootshtain, head of the National Treasury.
The government intends to begin the hiring process in the coming weeks, marking a concrete operational step in the broader restructuring of the state-owned power utility.
Rootshtain emphasized that the process will require careful planning and transparency to engage the market effectively.
Rootshtain emphasized that the process will require careful planning and transparency to engage the market effectively.
The move signals a shift from policy formulation to execution in Eskom’s turnaround strategy.
Separating the transmission business from the generation and distribution arms is central to the government’s plan to create an independent, financially viable transmission system operator.
This structural change is designed to unlock investment and stabilize the grid, which has been plagued by load-shedding and financial distress for years.