Eskom wants to delay plans to end its monopoly

• Eskom wants to delay plans to end its monopoly because it fears the transfer of assets could trigger change-of-control provisions in lending agreements and unsettle bondholders.
• Eskom's chairman, Mteto Nyati, has expressed concerns about the transfer of transmission assets due to financial risks, including accounting complications and the company's heavily indebted state.
• The National Treasury will now lead the process of addressing outstanding issues, including asset valuations and municipal debt, and Eskom is seeking an urgent meeting with President Cyril Ramaphosa to discuss its concerns.