South Africa’s Eskom Board Chair Nyati Gets Three-Year Term Extension

South Africa’s state-owned power utility Eskom said on Thursday that its board chairperson, Mteto Nyati, has been given a three-year extension to his mandate, effective Nov. 1.

Electricity and Energy Minister Kgosientsho Ramokgopa announced the extension, Eskom said.

The extension will provide continuity in governance and strategic oversight as Eskom works to improve operational and financial sustainability, strengthen its competitiveness and create long-term value.

Under Nyati’s leadership, Eskom’s board has overseen improvements in operational performance, governance and financial results, including reduced reliance on diesel-fired generation and profits in two consecutive financial years.

The board has also overseen progress in Eskom’s restructuring, including the establishment and operationalisation of the National Transmission Company South Africa (NTCSA) and the launch of Eskom Green, the utility’s renewable energy business.

“We are rebuilding an economic asset for South Africa. The extension of Mr Nyati’s term provides continuity and leadership certainty at a time when Eskom is being positioned for long-term sustainability,” Eskom Group Chief Executive Dan Marokane said.

Marokane said Nyati was respected across Eskom, the energy industry and among key stakeholders, including organised labour, investors and the wider business community.

Nyati said he had accepted the reappointment with humility and understood the expectations placed on Eskom by the country.

“Over the past three years, Eskom’s employees have shown what is possible. They have proved that impossible is not a fact; it is an opinion,” Nyati said.

He said Eskom should support industrialisation in South Africa and the Southern African Development Community region.

“Eskom must be more than a supplier of power. It must be a platform for growth,” Nyati said.