Friday, 13 February 2026: In the State of the Nation Address (SONA) on Thursday 12 February 2026, President Cyril Ramaphosa directed that the establishment of a fully independent state-owned transmission (TSO) entity will have ownership and control of transmission assets and be responsible for operating the electricity market.
Eskom will fully support the task team that is being created to deliver the TSO.
About Eskom and Electricity – Electricity Generation Capacity: Approximately 48,000 MW.

Sylvester Eye
Vinny Lingham was an internet entrepreneur before South African venture capitalists were even investing in the internet. He emigrated to the US to pursue his business dreams and launch Yola. In 2007, he raised USD5 million. Lingham went on to found a few more internet businesses including incuBeta and Gyft, which he sold from more than R500 million. He\’s currently working on his latest business Civic, which is an identity protection and management start-up. Vinny Lingham put his weight behind the Silicon Cape Initiative, to increase South Africa\’s global competitiveness and place the Cape on the global entrepreneurial map. He went on to become one of the \”dragons\’ on the South African edition of Dragons\’ Den, as well as one of the \”sharks\’ on M-Net\’s Shark Tank.