Eskom Chair Mpho Makwana has encouraged South Africans to ‘celebrate’ lower stages of load shedding.
Images via Twitter
Eskom Board Chair Mpho Makwana quits, CEO yet to appointed
Mpho Makwana is the latest Chairperson of the Eskom Board to quit. He is expected to leave the power utility at the end of October.
Eskom Chair Mpho Makwana has encouraged South Africans to ‘celebrate’ lower stages of load shedding.
Images via Twitter
Public Enterprises Minister Pravin Gordhan has confirmed that Mpho Makwana has resigned as Eskom Chairperson and Non-Executive Director of the Eskom Board.
Makwana was appointed in September 2022 along with Andre de Ruyter who also left the embattled utility.
MPHO MAKWANA QUITS ESKOM
In a statement, Gordhan said Mteto Nyati will be appointed as the Chairperson of the Board of Directors of Eskom at the end of October when Makwana leaves.
Makwana who holds several qualifications and serves on a number of other boards including as a non-executive chairman of ArcelorMittal South Africa said he is grateful for the opportunity he was given by the South African Government to serve a second term as a Chairperson of the Board of Directors of Eskom.
Makwana also thanked Gordhan for the amicable manner in which they concluded his tenure.
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RESTRUCTURING EFFORTS ON TRACK
Meanwhile, Gordhan said efforts to stabilise Eskom and restructure it into three subsidiaries; generation, transmission and distribution remain on track.
In August this year Gordhan granted the Eskom board permission to go ahead with the unbundling of the power utility.
To reverse the power utility’s current predicament, government announced drastic interventions, ranging from addressing debt to operational matters.
In his State of the Nation Address in 2019, President Cyril Ramaphosa announced that Eskom would in the near future be split into three entities focusing operations, distribution and transmission.
In a letter dated 7 August 2023, Gordhan after considering the Public Finance Management Act (PFMA) application, he approves the Eskom sale of Distribution Business to the newly formed Distribution Company as per the Roadmap for Eskom in a reformed electricity supply industry.
“Eskom is requested to expedite all activities for legal Separation of Distribution and Generation companies. The entity must provide a quarterly progress report on legal separation of Transmission, Distribution, Generation companies,” Gordhan said.
