South African Government May Move Eskom to Energy Ministry

South African President Cyril Ramaphosa is considering changing the ministries responsible for some of its biggest state-owned companies, including power utility Eskom Holdings SOC Ltd., to better align them with their functions, Bloomberg News reported. Eskom, arms manufacturer Denel SOC Ltd., South African Airways Ltd. and other entities are currently the responsibility of the Department of Public Enterprises, headed by Pravin Gordhan. Eskom may be transfered to the minerals and energy ministry, under Gwede Mantashe, the people said. Denel may move to the defense ministry and SAA could shift to transport. The move, if implemented, could slow attempts to move Eskom away from using coal to generate electricity and reduce South Africa’s greenhouse-gas emissions. Mantashe, a former labor-union leader who worked in the coal industry, backs the continued development of coal-fired power plants. Eskom supplies almost all of South Africa’s power. Read more.