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Conceptual illustration of droughts and desertification in Africa.
File: Former deputy president of Economic Freedom Fighters (EFF) party and new uMkhonto weSizwe (MK) party national organiser Floyd Shivambu speaks during a press conference in Sandton, Johannesburg on August 22, 2024.
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JOHANNESBURG – Reports suggest that Transnet and Eskom will be moved into their respective departments.
That’s as state-owned enterprises is being moved to the Presidency.
It’s understood the Presidency is mooting the idea of a holding company for SOEs.
Eskom is set to be unbundled into three separate entities — generation, transmission and distribution.
READ: Public Enterprises ministry will cease to exist – Ramaphosa
Transnet is also set to open up and welcome more private-sector investment.
The Public Enterprises Department will cease to exist.
However, several legal and administrative hurdles must be resolved before this can happen.
Eskom is currently almost R400-billion in the red, while Transnet has a R130-billion debt.
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