Eskom chairman Mpho Makwana will step down at the end of the month and will be replaced in the role by Mteto Nyati.
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The search for a new Eskom CEO has raised tensions between the board and minister Pravin Gordhan, sources said.
IT spending by South Africa’s big banks is in the billions of rand each annually, and growing fast.
The crisis may have reduced the nation’s economic growth rate by as much as 3.2 percentage points last year.
Eskom chairman Mpho Makwana said further gains can be expected from the utility’s generating fleet.
Book review | In Truth to Power, former Eskom CEO André de Ruyter writes that decisions taken in 2007 will haunt South Africa for years to come.
It’s going to be an exceptionally “hard” winter for South Africans, Eskom said, with record stage-8 power cuts possible.
Eskom has had to defend itself against armed robbery, fuel theft, sabotage and corruption – all of which are increasing the risk of a complete power outage.
Eskom’s board has shortlisted five candidates for the position of CEO, according to the chairman of the beleaguered power utility.
South Africa will exempt Eskom from having to report irregular spending to avoid harming the company’s credit rating.