As much as R500bn needed to support Eskom's transition, says De Ruyter

Enabling Eskom's just energy transition could cost between $30 billion (about R440 billion) and $35 billion (over R500 billion), according to CEO André De Ruyter.

De Ruyter was speaking during a pre-recorded interview with Enlit Africa. The interview was published on Tuesday ahead of the UN's climate change conference, COP26, which kicks off in Glasgow in Scotland on Sunday.

Discussing the progress Eskom has made in discussions with climate envoys from the UK, France, Germany and the US, De Ruyter said there is appetite among foreign governments to support South Africa's just energy transition.