Cyril Ramaphosa approves plan to break Eskom’s monopoly once and for all

• Cyril Ramaphosa has approved a plan to break Eskom's monopoly by establishing a fully independent state-owned Transmission System Operator (TSO).
• The plan aims to create competition, unlock investment, reduce electricity prices, and ensure energy security for sustained economic growth and job creation, with a focus on addressing municipal arrear debt to Eskom.
• The restructuring will proceed in two phases, with Phase II starting immediately and lasting three months, during which a detailed transaction structure and implementation plan will be developed, and actions will be taken to address municipal arrear debt and support the TSO's independence.