Three-Year Extension of Board Chairperson Mteto Nyati’s Term

Eskom has welcomed the announcement by the Minister of Electricity and Energy, Dr Kgosientsho Ramokgopa, extending the term of Eskom Board Chairperson, Mr Mteto Nyati, for a further three years with effect from 1 November 2026.

The extension provides continuity of governance and strategic oversight as Eskom builds on the gains achieved during its recovery phase and advances its focus on operational and financial sustainability, long-term competitiveness and sustainable value creation for South Africa.

Under Mr Nyati’s leadership, the Board has overseen a period of significant operational, financial and governance progress, while holding the dual mandate of a commercial duty to run a financially sound business, and a developmental duty to keep South Africa connected, growing and inclusive. During this time, Eskom strengthened governance and accountability, improved operational performance, reduced reliance on diesel-powered generation, restored profitability with profits reported in two consecutive financial years, and advanced reforms that are positioning the organisation for long-term sustainability.

The Board has also overseen significant progress in Eskom’s separation, including the advancement of the unbundling strategy, the establishment and operationalisation of the National Transmission Company South Africa (NTCSA), and the launch of Eskom Green, the utility-scale renewable energy business. Together, these milestones are strengthening the foundations for Eskom’s long-term sustainability and supporting South Africa’s evolving energy landscape.

“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. The Board has played a critical role in strengthening governance, improving operational and financial performance, advancing the restructuring of the business, and creating the conditions required for a competitive marketplace,” said Eskom Group Chief Executive, Mr Dan Marokane.

“Mr Nyati is well respected throughout Eskom and our industry, by our Shareholder and across our key stakeholders, including organised labour, our investor base and the wider business community. Eskom and South Africa are fortunate that Mr Nyati remained available for this reappointment, and I am personally looking forward to continuing our strong working relationship,” concluded Marokane.

“Being asked to continue as the Chairman of Eskom is not a formality. It is a responsibility that I have accepted with humility and with a clear understanding of what the country expects. I want to thank the Minister of Electricity and Energy, the Cabinet and the President for the trust they have placed in me. 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. They have lifted this organisation from the worst crisis in our democratic history to a point where we now have excess capacity that can be used to drive economic growth,” said Eskom’s Board Chairperson, Mteto Nyati.

“I look forward to continuing this work with my colleagues on the Board whose experience, wisdom and commitment have already done a great deal for this organisation. We must now help our country industrialise and help the Southern African Development Community region industrialise.  Eskom must be more than a supplier of power.  It must be a platform for growth,” concluded Nyati.

Courtesy of Eskom

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