23 June 2019

South Africa: President Meets With Eskom Board On Reforms

Photo: allafrica.com
Left: President Ramaphosa. Right: Eskom head office sign.

President Cyril Ramaphosa has met with members of the Eskom board at his Genadendal Residence in Cape Town to discuss reforms at the power utility.

The meeting, which took place on Friday after the State of the Nation Address, was attended by the Ministers of Finance, Mineral Resources and Energy and Public Enterprises.

The meeting was called to establish alignment across government on the actions to be undertaken to stabilise the energy utility in light of its financial and operational challenges.

The board presented a report on the implementation of the nine point plan, focusing on its key priorities being the need to ensure an uninterrupted power supply, cutting costs, driving efficiencies and increasing revenue through, amongst others, higher collection rates.

"The President has reiterated to the board that the energy utility, Africa's largest producer of electricity and one of our nation's most strategic assets, is critical to South Africa's growth and development," said the Presidency in a statement.

It is expected that the President will announce further measures to support Eskom's efforts at recovery and financial and operational sustainability.

More on This

Ramaphosa Shows That He's in Control. but Does He Have What It Takes to Win?

South African President Cyril Ramaphosa's third State of the Nation Address was longer on statecraft and strategy than… Read more »

See What Everyone is Watching

More From: SAnews.gov.za

Don't Miss

AllAfrica publishes around 700 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.