How we saved Eskom from collapse: utility chair Mteto Nyati
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A few months ago Eskom was the black sheep of public opinion, but last month we reported that the utility recorded its highest energy generation levels in six years.
It’s not out of the woods yet — chairperson Mteto Nyati says they will execute remaining aspects of Eskom’s recovery plan.
Nyati shares the formula they used to rescue Eskom from the brink of collapse.
Two years ago the president roped him in to help save the power utility. Nyati speaks about the plans they implemented to get to where there is no load-shedding for at least 160 consecutive days, the longest period in a while. He, however, is reluctant to say load-shedding has ended.
Load-shedding reached its peak in 2022 and last year to beginning of this year.
The utility regularly receives financial bailouts from government. Nyati says that will soon end because Eskom will stand on its own feet.
“We are saving from last year. Already in this financial year which start[ed] on 1st of April we have saved R10bn on last year.”
He talks to our digital politics editor, Lizeka Tandwa, in this episode of the Sunday Times Politics Weekly about the criticality of the leadership change in the company, which included appointing Dan Marokane as CEO and the importance of the executives’ relationship with him.
It’s not out of the woods yet — chairperson Mteto Nyati says they will execute remaining aspects of Eskom’s recovery plan.
Nyati shares the formula they used to rescue Eskom from the brink of collapse.
Two years ago the president roped him in to help save the power utility. Nyati speaks about the plans they implemented to get to where there is no load-shedding for at least 160 consecutive days, the longest period in a while. He, however, is reluctant to say load-shedding has ended.
Load-shedding reached its peak in 2022 and last year to beginning of this year.
The utility regularly receives financial bailouts from government. Nyati says that will soon end because Eskom will stand on its own feet.
“We are saving from last year. Already in this financial year which start[ed] on 1st of April we have saved R10bn on last year.”
He talks to our digital politics editor, Lizeka Tandwa, in this episode of the Sunday Times Politics Weekly about the criticality of the leadership change in the company, which included appointing Dan Marokane as CEO and the importance of the executives’ relationship with him.