Government has appointed a new board to state-owned electricity utility Eskom. This is who they are and what they do.
Browsing: Mteto Nyati
Eskom has reported R16-billion in profit after tax for 2025, compared to a R55-billion after-tax loss for the 2024 financial year.
The electricity utility lost 10 generating units at the weekend but has said it is making good progress in restoring them to service.
Huge municipal debt is hindering Eskom’s plan to restructure and separate its distribution unit, its chairman said.
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Eskom has launched a forensic investigation into an electricity theft racket involving the use of illicit tokens for prepaid meters.
Despite a 2024 financial year stained in red ink, Eskom’s financial performance is improving, chairman Mteto Nyati said.
Eskom chairman Mteto Nyati said there are still a number of systemic issues threatening South Africa’s energy security.
Michael Lomas, a British national wanted in South Africa, has lost a bid in a London court to block his extradition.
Eskom board chairman Mteto Nyati said the company’s turnaround was executed by “real people on the ground”.