Eskom is turning the corner following decisive interventions in the past year that culminated in a new board being appointed, says Public Enterprises Minister Lynne Brown.
Speaking following the Annual General Meeting of Eskom in Cape Town, the Minister said decisive interventions over the past year have had the desired effect at the state-owned company.
“I am confident Eskom is turning the corner and I have instructed the board to fill all senior management positions to ensure this consolidation continues. It’s unacceptable that senior and middle-management positions are staying vacant for too long,” she said on Thursday.
In addition, two areas of concern are Eskom’s financial sustainability and improving the reliability of the power plants.
“Eskom’s net profit decreased from R7.1 billion to R3.6 billion and management must take decisive steps to stop this decline. Similar to other state-owned companies, Eskom must finalise steps to wean the organisation from the support of the fiscus. Eskom must be put on a course where it can live off its balance sheet.
“Although the accelerated maintenance has increased plant capacity from 65 to 75%, I am urging Eskom to continue on this trend and increase this threshold to reach at least 80%,” said Minister Brown.
She added that load shedding will continue for the next 18 months and once again appealed to South Africans to save electricity.