Johannesburg - Government will publish a special paper on Eskom which will clearly outline the roadmap to put Eskom on a long-term sustainability path within the next few weeks, the public enterprises ministry said on Saturday.
"This paper will reflect the urgent work that is taking place to identify options to resolve the debt challenge, the process for restructuring Eskom and importantly, to ensure a just transition," the ministry said in a statement.
Eskom was a key institution in the energy sector and a critical component of the South African economy. The country’s economic performance was reliant on Eskom providing reliable and sustainable supply of electricity, it said.
"The lesson is clear: for growth, we need a reliable and sustainable supply of electricity. President [Cyril] Ramaphosa during his state of the nation address in February 2019 announced that Eskom is too big and important for government to let it fail. The president announced the restructuring of Eskom into three entities, starting with the creation of a transmission entity."
This was a recommendation of the Presidential Sustainability Task Team based on both international trends and a study conducted by Eskom and in line with government policy as outlined in the White Paper on Energy 1998.