Eskom

#TreasonousTweets won’t help Eskom

Public Enterprises Minister Pravin Gordhan reported that a Cabinet task team would be appointed by President Cyril Ramaphosa soon to finalise a road map for turning around the debt-laden utility, which he acknowledged was in the midst of an operational “crisis”.

The “small” task team would work with the board and management on a five-year plan that will include a strategy for addressing the utility’s debt burden. Eskom’s debt has grown to nearly R420-billion and will peak at about R600-billion in the absence of any intervention to contain further increases.

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