Mteto Nyati gets three more years to steer Eskom
The chairperson’s term is extended, as the power utility builds on operational, financial and governance gains.
Electricity and energy minister Dr Kgosientsho Ramokgopa has announced that Eskom board chairperson Mteto Nyati's term has been extended for an additional three years. Dan Marokane, Eskom's group CEO, emphasized that this extension provides continuity and leadership certainty as the utility focuses on long-term sustainability. Marokane highlighted that the board has played a crucial role in strengthening governance, enhancing operational and financial performance, advancing business restructuring, and creating conditions for a competitive market.
The extension of Nyati's term is set to begin on November 1, 2026, ensuring continued governance and strategic oversight as Eskom builds upon its recovery phase. The power utility emphasized that the extension supports Eskom's commitment to operational and financial sustainability, long-term competitiveness, and sustainable value creation for South Africa.
Under Nyati's leadership, the board has overseen significant progress in operational, financial, and governance areas while guiding Eskom in fulfilling its dual mandate of operating a financially sound business and ensuring South Africa's connectivity, growth, and inclusivity.
Over this period, Eskom has made substantial strides in strengthening governance and accountability, improving operational performance, reducing reliance on diesel-powered generation, and returning to profitability. The utility reported profits in two consecutive financial years and advanced reforms that are positioning the organization for long-term sustainability.
Notably, the board has overseen significant progress in separating Eskom's businesses, including advancing the unbundling strategy, establishing and operationalizing the National Transmission Company South Africa, and launching Eskom Green, its utility-scale renewable energy business.
Nyati expressed humility in accepting the request for another term, acknowledging the country's expectations. He thanked the minister of electricity and energy, the Cabinet, and the president for their trust. Nyati highlighted that Eskom's employees have demonstrated what is possible during the recovery phase, lifting the organization from the worst crisis in South Africa's democratic history and achieving excess capacity that can drive economic growth.
He stated that his continued work alongside his board colleagues will focus on helping the country industrialize and support industrialization across the Southern African Development Community region, emphasizing that Eskom must be more than a supplier of power; it must be a platform for growth.
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