Eskom restructure will take another two years: David Mabuza

2020-09-03 06:22:00 PM
Eskom restructure will take another two years: David Mabuza

The government only envisages completing the process of restructuring or unbundling Eskom into three separate entities in 2022,Deputy President David Mabuza told parliament on Thursday.

The government only envisages completing the process of restructuring or unbundling Eskom into three separate entities in 2022,Deputy President David Mabuza told parliament on Thursday.

The government only envisages completing the process of restructuring or unbundling Eskom into three separate entities in 2022,Deputy President David Mabuza told parliament on Thursday.

Mabuza has been appointed by Ramaphosa to lead a task team on the sustainability and turnaround of Eskom.“We're pleased by the progress we're making, better transforming and improving the performance of Eskom under the leadership of the new CEO,” he said.

“The timeline can be up to 2022. We hope by that time we'll have completed the restructuring of the whole entity, dividing into three entities.”Mabuza then moved to apologise to the country for Eskom's ongoing load-shedding, which on Wednesday suddenly moved from stage 2 to stage 4, meaning residents and the economy could now experience power cuts up to three times a day.

Read more: Times LIVE »

Eskom restructure will take another two years: David MabuzaThe government only envisages completing the process of restructuring or unbundling Eskom into three separate entities in 2022,Deputy President David Mabuza told parliament on Thursday.

David Mabuza faces grilling from MPsDeputy President David Mabuza will face tough questions in Parliament over the looting of Covid19 funds and the crisis facing Eskom_SA.

Eskom fails to meet conditions attached to R59bn bailoutEskom has failed to meet some of the conditions attached to the R59bn it received from the government last year to service its debt through the special appropriation bill

SA vehicle sales take another year-on-year plunge in August, as Eskom hinders recoverySouth Africa’s new vehicle market is not showing any significant signs of recovery, despite the slight month-on-month sales increase. Let’s take a look at what went down in August: IOLmotoring

Eskom warns loadshedding could last for the rest of this week.Eskom_SA has warned that Loadshedding could last for the rest of the week as a result of more constraints on the generation system.

Eskom expects 5 generating units back in service today after breakdownsTen units went down at seven power stations on Sunday evening, and the power utility implemented stage two load shedding on Tuesday.

1 day ago Mabuza has been appointed by Ramaphosa to lead a task team on the sustainability and turnaround of Eskom.Deputy president David Mabuza during a question and answer session in parliament on Thursday.Email Share Cape Town – Deputy President David Mabuza will face tough questions in Parliament over the looting of Covid-19 funds and the crisis facing Eskom..

“We're pleased by the progress we're making, better transforming and improving the performance of Eskom under the leadership of the new CEO,” he said. “The timeline can be up to 2022. This is according to Deputy President David Mabuza, who announced this while responding to oral questions in the National Council of Provinces on Thursday. We hope by that time we'll have completed the restructuring of the whole entity, dividing into three entities. Mabuza had previously told MPs that he was treated in Russia for ill health a few years ago.” Mabuza then moved to apologise to the country for Eskom's ongoing load-shedding, which on Wednesday suddenly moved from stage 2 to stage 4, meaning residents and the economy could now experience power cuts up to three times a day. Responding to a question from ANC MP Tshitereke Matibe, Mabuza reported steady progress in the restructuring of Eskom into three entities — a move President Cyril Ramaphosa first announced in his 2019 state of the nation address. “We must apologise for the continued disruptions in terms of energy supply. Rajlal said the power utility was still struggling to find a suitable buyer of Eskom Finance Company.

This is because of our maintenance challenges. Mabuza has been appointed by Ramaphosa to lead a task team on the sustainability and turnaround of Eskom. The Special Investigating Unit is probing a number of departments and companies involved in corruption. Our people and honourable members will understand that we're dealing with a very old fleet and from time to time it presents operational problems,” he said. “We're confident with the introduction of Medupi and Kusile into the grid — I think Medupi would be operational at the end of the year, if everything goes well — gradually it will reduce pressure on the generation of electricity. “The timeline can be up to 2022.” . Mabuza chairs a committee that deals with the power utility.