Presidency snaps back at Eskom chair over comments questioning Ramaphosa’s plans
- The presidency has rebuked Eskom chair Mteto Nyati for questioning President Ramaphosa's plans to restructure Eskom.
- The dispute centers around the sequencing of Eskom's break-up, particularly the transfer of transmission assets, which could weaken Eskom's balance sheet or alter protections for creditors.
- The National Treasury is expected to appoint advisers to negotiate with Eskom's lenders over the planned separation of the transmission business, a process that will be crucial in determining how the restructuring can proceed without impairing creditors.
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