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Eskom hits major milestone for split into three companies
South African power utility company Eskom is expected to be split into three separate business units.

Eskom hits major milestone for split into three companies

MYBROADBAND



Eskom has announced the appointment of the board of directors of the National Transmission Company of South Africa (NTCSA), marking a key milestone of the power utility’s legal separation into three entities.



The state-owned power utility is currently separating its business into three companies, Generation, Distribution, and Transmission, as part of the turnaround plan envisaged by the Department of Public Enterprises.



The Eskom board appointed twelve non-executive directors to the NTCSA’s board.



“The appointment of the NTCSA Board takes Eskom a step closer to unlocking the potential that comes with the planned transformation of the electricity industry,” said Eskom board chairperson Mteto Nyathi.



“We thank all the individuals who raised their hands to guide Eskom into a future where South Africans have reliable, affordable, and environmentally friendly supply of power.”

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