Eskom financials have improved, says Gordhan
Minister of Public Enterprises Pravin Gordhan says while Eskom's financials have improved, it still needs government handouts to survive.
He believes the unbundling of the state-owned entity will reduce its dependence on Treasury.
Gordhan tabled his department's budget in Parliament on Friday.
He said the indebted power utility has achieved savings of R50 billion since 2019 through its savings programme.
“A further reduction in debt to R396 billion was also achieved. The restructuring process is moving apace and transmission company has already been set up… and all that is being awaited is the finances to enable Eskom to move in this direction.”
ALSO READ:
But Gordhan warned the power producer is still plagued by a lack of key skills.
"There needs to be an upgrading of skills and training of senior managers and senior engineers and operators. The lack of engineering and technical skills and experience in Eskom remains a significant challenge.
"These are pre-requisites for a major industrial operation like Eskom. Eskom has introduced a new training programme at its academy of learning to upgrade the skills of these people."
