Ramaphosa endorses Eskom shake‑up to cut costs and secure power

President Cyril Ramaphosa has endorsed the Phase I report of the Eskom Restructuring Task Team (ERTT), a landmark step toward restructuring South Africa’s electricity sector to create competition, attract investment, reduce electricity costs, and ensure energy security for sustained growth and job creation.“South Africa is embarking on fundamental reform of the electricity sector to achieve reliable, affordable and sustainable supply for all.

Modernisation of energy sector This entity will be a cornerstone of a competitive wholesale electricity market, designed to deliver reliable and cost‑effective power.