Pictured is the bronze casting that hold the cutlass bearing, which supports the shaft. That is not a "skeg".
Alarming image , and a somewhat rare "failure point" in my personal experience.
The picture shows that the fitting has somehow come loose from the glass work inside the boat. And will lower the shaft enough to likely abraid the shaft alley. The alignment of the engine will be off, now, also.
IMHO, that casting originally had 2 or 3 cross pins thru it and the whole part was seated in poly resin mush and cloth on the inside, after the strut was centered in the shaft alley.
I would first get well acquainted with the bilge immediately above the
"Shaft Strut" and determine what came loose. There may be a raised "lump" of glass resin over the top of the strut, very roughly a foot by a foot and a half. Exploratory Grinding into the lump will require Time, Money, and (reasonable) Skill and... "any two will do."
That's one mantra of amateur boat repair, BTW.
You are about to get intimate with the original engineering and construction of your vessel. Do not overly stress out, though, as this can happen to a very small % of boats, no matter where or by who produced. i.e. the Universe did not single you out, personally...

Best of luck!