World Bank country director Paul Noumba Um believes the South African government is moving in the “right direction” by pursuing discussions on possible debt relief for Eskom in conjunction with plans for restructuring the utility and overhauling the architecture of domestic power market. He also argues, however, that Eskom’s restructuring should form part of a broader reform agenda for all State-owned companies (SoCs), which were no longer delivering returns and had, instead, become liabilities.
