President Cyril Ramaphosa has endorsed the Phase I report of the Eskom Restructuring Task Team (ERTT), setting the stage to restructure South Africa’s electricity sector to create competition, unlock investment, reduce electricity prices and ensure energy security for sustained economic growth and job creation. The report, which was presented to the President on July 30, sets out recommendations for establishing an independent Transmission System Operator (TSO) separate from Eskom.

Government has taken another step towards reforming South Africa's electricity sector after President Cyril Ramaphosa approved the Eskom Restructuring Task Team's Phase I report.

President Cyril Ramaphosa has endorsed the Phase I report of the Eskom Restructuring Task Team (ERTT), setting the stage to restructure South Africa’s electricity sector to create…