Eskom, Transnet to be moved to key departments

JOHANNESBURG - Reports suggest that Transnet and Eskom will be moved into their respective departments. 

That's as state-owned enterprises is being moved to the Presidency.

It’s understood the Presidency is mooting the idea of a holding company for SOEs. 

Eskom is set to be unbundled into three separate entities -- generation, transmission and distribution. 

READ: Public Enterprises ministry will cease to exist - Ramaphosa

Transnet is also set to open up and welcome more private-sector investment.

The Public Enterprises Department will cease to exist. 

However, several legal and administrative hurdles must be resolved before this can happen. 

Eskom is currently almost R400-billion in the red, while Transnet has a R130-billion debt.