Impact SA

Leadership matters, says Eskom Chairperson at Serious Social Investing Conference

Lead Image (Mteto Nyati - Eskom Board Chairperson)

204 days of no load shedding, the expected end of any risk of load shedding by March 2025 and 2024 seeing Eskom finally breaking even or becoming profitable. These were the bold statements made by Chairperson of Eskom, Dr Mteto Nyati, who delivered the keynote address at the Serious Social Investing Conference in Johannesburg.

The annual SSI Conference, hosted by Tshikululu Social Investments and their partners, has become a leading corporate social impact event on the continent, where key role players within the sector can network, share knowledge, and gain insights from leading social investment experts.

Nyati said that Eskom’s performance has improved significantly since April this year, achieving 63.1% Energy Availability Factor (EAF) by July, up from 58.1% in April. He says this was achieved by leveraging original equipment manufacturers, people and processes, an improvement which has led to a reduction of diesel spend of over R 12 bn. Once Eskom achieves an EAF of 70%, there will be no more loadshedding, an achievement he expects will be reached by March next year.

Now that Eskom is so close to achieving energy security, Nyati says that the next big focus for the power utility is the affordability of electricity.

Other topics unpacked at the conference included rethinking the role of corporates in shaping society, asking the question “who truly benefits from the just energy transition?” and creating sustainable pathways into the economy.

Notable speakers at this year’s conference included Dr Pali Lehohla, former South African Statistician General; esteemed businesswoman, author and Executive Chairperson of the Mbekani Group, Dr Judy Dlamini and Alistair Mokoena, former CEO of Google South Africa.

This year’s event was sponsored by Nedbank, Vodacom and the Gordon Institute of Business Science (GIBS).

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