South Africa's government has reappointed State utility Eskom's board chairperson Mteto Nyati, for another three years after a sharp improvement in power availability under his tenure, Electricity Minister Kgosientsho Ramokgopa said on Friday.

Nyati was appointed chair in 2023, when Eskom was implementing near-daily power outages that were holding back economic growth and a major source of public anger.

Eskom has now gone more than 490 days without power cuts.

"If it ain't broken, why fix it?," ... The cabinet has taken a decision that Dr. Mteto Nyati is best suited to continue, ... so his term is renewed from the 1st of November," Ramokgopa told a press conference.

Nyati had been due to step down at the end of October when his current three-year term expires.

The former state monopoly, which has required repeated government bailouts that have strained public finances, made a second consecutive profit in the 2026 financial year.

Ramokgopa said on Friday there would be no more bailouts and Eskom would not get double-digit electricity tariff increases.

"We have come out of a period of darkness, we have reached a point of inflection, and we're entering a new terrain," he said, adding Eskom should create the conditions for investment, industrial growth and new entrants into the electricity market.