South Africa’s government has reappointed state utility Eskom’s board chairman, Mteto Nyati, for another three years after a sharp improvement in power availability under his tenure, Electricity Minister Kgosientsho Ramokgopa said on Friday.<\/p>\n\n\n\n
Nyati was appointed chair in 2023, when Eskom was implementing near-daily power outages that were holding back economic growth and a major source of public anger.<\/p>\n\n\n\n
Eskom has now gone more than 490 days without power cuts.<\/p>\n\n\n\n
“If it ain’t broken, why fix it? \u2026 The cabinet has taken a decision that Mteto Nyati is best suited to continue \u2026 so his term is renewed from the 1st of November,” Ramokgopa told a press conference.<\/p>\n\n\n\n
Nyati was due to step down at the end of October, when his current three-year term expires.<\/p>\n\n\n\n
The state monopoly, which has required repeated government bailouts that have strained public finances, made a second consecutive profit in the 2026 financial year.<\/p>\n\n\n\n
Ramokgopa said on Friday there would be no more bailouts and Eskom would not get double-digit electricity tariff increases.<\/p>\n\n\n\n
“We have come out of a period of darkness, we have reached a point of inflection, and we’re entering a new terrain,” he said, adding Eskom should create the conditions for investment, industrial growth and new entrants into the electricity market.<\/p>\n","protected":false},"excerpt":{"rendered":"
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