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Minister Lynne Brown urges Eskom to continue its turn-around, 6 Aug

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Minister Lynne Brown urges Eskom to continue its turn-around, 6 Aug

Minister of Public Enterprises, Lynne Brown,  said the decisive interventions over the past year at Eskom that culminated in a new Board being appointed, has had the desired effect at the State-Owned Company.

Minister Brown was speaking after the Annual General Meeting of Eskom in Cape Town today.

"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.

"Two other areas of concern are Eskom's financial sustainability and improving the reliability of the power plants.

"Eskom's net profit decreased from R7.1billion to R3.6billion 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.

For enquiries contact Colin Cruywagen at 082 3779916.

Issued by the Ministry of Public Enterprises
6 August 2015

Page last modified:02/10/2015 14:27