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President Ramaphosa approves Eskom restructuring plan

President Ramaphosa approves Eskom restructuring plan

By GhanaSummary NewsroomSouth Africa

WATCH | President Cyril Ramaphosa has endorsed the Phase 1 report of the Eskom Restructuring Task Team (ERTT), paving the way for the restructuring of South Africa’s electricity sector.

Representatives of the Presidency, National Treasury, the Department of Electricity and Energy, Eskom, and the National Transmission Company of South Africa are part of the task team.

It says there will be competition, investment, reduced electricity tariffs and energy security for sustained economic growth and job creation.

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