South African President Cyril Ramaphosa’s plan to split the State-owned power utility into generation, distribution and transmission divisions will take longer than the government has to revive the business, according to Goldman Sachs Group. Eskom Holdings is focusing on trying to avoid implementing power cuts through the year, as it attempts to fix ageing power plants and defective new units. Ramaphosa has rolled out a R69-billion bailout for Eskom over the next three years and a plan to split the business into three.