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President Cyril Ramaphosa has today met with members of the Eskom board at Genadendal Residence, Cape Town. 

The meeting, which was also attended by the Ministers of Finance, Mineral Resources and Energy and Public Enterprises, 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.

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

Issued by the Presidency