President Cyril Ramaphosa confirmed on Thursday that South Africa’s embattled State-owned electricity producer would be split, under Eskom Holdings, into three separate entities – generation, transmission and distribution – in an effort to bring credibility to the turnaround of the utility and to position South Africa’s power sector for the future. Eskom, Ramaphosa said in his State of the Nation Address, was in crisis and posed risks that could severely damage the country’s economic and social development ambitions. “We need to take bold decisions and decisive action. The consequences may be painful, but they will be even more devastating if we delay.”
