Gordhan promises new-look Eskom by March as he outlines SOE Holdco progress

Public Enterprises Minister Pravin Gordhan says the restructuring under way at South Africa’s troubled State-owned electricity producer will result in a new-look entity that “will no longer be the old Eskom as we know it” by the end of March next year. Delivering his Budget Vote to lawmakers, Gordhan said the National Transmission Company of South Africa (NTC) would be fully operationalised by November and that the identities of its independent board members would be announced “shortly”.