Nyati on Eskom, Acsa announces new CEO, and Dirco refurbishment bill
Markets with Rand Swiss, Eskom leadership, Acsa’s new leader, investment in SA diplomatic missions, and tackling tax creep.
Eskom retained Mteto Nyati as board chair despite a heated tariff debate, with Minister Kgosientsho Ramokgopa emphasizing the importance of continuity as the power utility evolves into Eskom 2.0. Historically, electricity utilities combined grid maintenance, capital infrastructure, and generation into a single rate, but Eskom's Retail Tariff Adjustment separates fixed charges from variable consumption charges to reflect actual supply costs.
The minister outlined five core responsibilities: universal access, regional energy security, market unbundling, economic transformation, and global leadership. He clarified that the department made decisions about the pricing policy proposals six weeks earlier, stating there is now a clear cost breakdown for primary energy, transmission, distribution, and ancillary activities.
The minister announced plans to outlaw hidden taxes on paying households and end technical losses through infrastructure repairs. Mteto Nyati affirmed his commitment to making electricity affordable, promoting competition, and securing a share of renewable energy markets.
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