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Plans to reshuffle Eskom board underway

By Staff Writer 28 Sep 2022 1 Min Read Save

Last updated: 28 Sep 2022, 23:26

A branded vehicle at the Eskom Holdings SOC Ltd. Lethabo coal-fired power station in Vereeniging, South Africa, on Friday, Nov. 5, 2021. South Africa’s coal-dependent power utility will rely on government and development finance for “the important” funding for a transition to cleaner sources of energy, according to its top official. Photographer: Waldo Swiegers/Bloomberg

PRETORIA – The board of power utility Eskom is expected to be “reconstituted and restructured” following a meeting with Department of Public Enterprises Minister, Pravin Gordhan.

The State-owned electricity company has been facing serious and recurring challenges since June this year – reaching a nadir of Stage 6 load shedding twice over the past four months.

The department explained that the term of the board had expired in 2021 and that a review of its work has been underway.

“The Minister has been in constant engagement with the board on various matters such as procurement, recruitment of former and experienced Eskom employees, and combating fraud and corruption.

“On Tuesday, the Minister informed the board that a review has been finalised and that the board will soon be reconstituted and restructured. The board members will be informed of the outcome of the process,” the department said.

The DPE said a new board for the entity will be revealed soon.

“Government will soon deliberate on the reconstitution of a new and restructured Eskom board and an announcement will be made in due course.

“Minister Gordhan thanked the current board for their service during the most challenging period of the entity,” the department said.

Community Department of Public Enterprises eskom Minister Pravin Gordhan